BankNifty Intraday Trade Setup | 9th March

BankNifty opened with a gap-down at 32560 and we saw further selling and BankNifty made low around 32170. We saw a great recovery from lower levels and BankNifty went above 33250 during the day which is 1100 points upmove from day low.

Trades we took today -

> Bought BankNifty 33200 CE at 390, it went above to our 1st Target 430 and Traders booked profit
> Bought BankNifty 33200 CE again at 340, it went above to our 2nd Target 410 and Traders booked profit
> Bought BankNifty 31900 PE at 370 which we booked with 50 points loss
> Bought BankNifty 33500 CE at 320 which we booked with 40 points profit
> Bought BankNifty 33200 CE at 290 which we booked with 15 points loss
> Bought BankNifty 31500 PE at 280 which we booked with 20 points loss
> Bought BankNifty 33500 CE again 290, it went above to our Last Target 290 and Traders booked great profit

Overall it was a highly volatile day, BankNifty Option Buyers booked profit.

Tomorrow if BankNifty sustain above 33250, we may see an upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 33250
Sell Below 32900

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 and All Targets Done.