BankNifty Intraday Trade Setup | 28th December
Updated
BankNifty opened with a Gap-down below our Sell level 34600 and we saw dropped near 34200 zones. BankNifty showed great recovery from lower levels and closed above resistance zone 35050.
Trades we took today -
> Bought BankNifty 34500 PE at 470 which we booked with 50 points loss
> Bought BankNifty 34600 PE at 380 which made a high around 440 and Traders booked good profit in this Trade
> Bought BankNifty 34800 PE at 400 which we booked with 50 points loss
> Bought BankNifty 34800 CE at 330 which made a high above 480 and Traders booked great profit in this Trade
> Bought BankNifty 35000 CE at 390 which we booked with 70 points loss
Overall, mixed day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 35150, we can see a 130-250 points fast move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 35150
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 34500 PE at 470 which we booked with 50 points loss
> Bought BankNifty 34600 PE at 380 which made a high around 440 and Traders booked good profit in this Trade
> Bought BankNifty 34800 PE at 400 which we booked with 50 points loss
> Bought BankNifty 34800 CE at 330 which made a high above 480 and Traders booked great profit in this Trade
> Bought BankNifty 35000 CE at 390 which we booked with 70 points loss
Overall, mixed day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 35150, we can see a 130-250 points fast move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 35150
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Buy Trade Triggered & 1st Target Done.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.