BankNifty Expiry Trade Setup | 30th December

BankNifty opened flat today, it went down towards 35050 zones which provided support and we saw a great bounce towards the 35350 zones.

Trades we took today -

> Bought BankNifty 35000 CE at 280 which made a high above 400 and Traders booked great profit in this Trade
> Bought BankNifty 35500 PE at 370 which we booked with 40 points loss
> Bought BankNifty 35400 PE at 440 which made a high above 600 and Traders booked great profit in this Trade
> Bought BankNifty 35000 CE 6th Jan at 610 which we booked at cost due to slow movement
> Bought BankNifty 35600 PE at 430 which made a high above 500 and Traders booked good profit in this Trade

Overall, a Great day for BankNifty Option Buyers.

Tomorrow if BankNifty breaks 34900 on the downside, we can see a fast down move.

Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.

Intraday Levels:
Buy Above 35250
Sell Below 34900

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India Team

Comment:

No Trade as per Set-up.