BankNifty Intraday Trade Setup | 15th Feb

BankNifty opened with a big Gap-down below the yellow support trend line due to Global cues, and we saw further falling towards the 37220 zone which acted as support but BankNifty broke this around 2:00 and closed near day low.

Trades we took today -

> Bought BankNifty 37400 CE at 460, it went above our 2nd Target 540 and Traders booked profit in this Trade
> Bought BankNifty 37300 PE at 420 which we booked around cost due to slow movement
> Bought BankNifty 37600 CE at 320 which we booked with a small profit at 350

We took lesser trades as it was a volatile day and BankNifty Option Buyers booked small profit.

Tomorrow, if BankNifty breaks today's low 36800 we may see a fast down move again.

Expectations for Tomorrow: Volatile Day

Intraday Levels:
Buy Above 37050
Sell Below 36800

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Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered and All Targets Done.