BankNifty Intraday Trade Setup | 23rd March

BankNifty opened flat at 36012, saw selling since open and slowly BankNifty made low around 35400 which acted as support zone and we saw a great recovery towards 36400 zones in the second half as per our analysis.

Trades we took today -

> Bought BankNifty 35700 PE at 380, it went above to our Last Target 490 and Traders booked great profit
> Bought BankNifty 35500 PE at 370, it went above to our Last Target 455 and Traders booked profit
> Bought BankNifty 35900 CE at 290, it went above to our 3rd Target 355 and Traders booked profit
> Bought BankNifty 35700 CE at 340, it went above to our Last Target 450 and Traders booked great profit
> Bought BankNifty 36200 CE at 420, it went above to our Last Target 510 and Traders booked great profit

Overall, wonderful day and BankNifty Option Buyers booked insane profit.

Tomorrow if BankNifty sustains above 36450, we may see a fast up move but 36600-36650 is a resistance zone so be cautious.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36450
Sell Below 36170

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

Happy Trading!
InvestPro India Team

Trade closed: stop reached:

Sell Trade Triggered and SL Hit.