BankNifty Intraday Trade Setup | 28th December

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

Trade closed: target reached:

Buy Trade Triggered & 1st Target Done.