BankNifty Intraday Trade Setup | 24th December

BankNifty opened with a Gap-up near 35350 and we saw some selling in the morning and BankNifty showed a good rebound from lower levels.

Trades we took today -

> Bought BankNifty 35300 CE 30th Dec at 370 which we booked at a cost due to slow movement in the morning
> Bought BankNifty 35200 PE 30th Dec at 370 which we booked with 50 points profit
> Bought BankNifty 35300 CE 30th Dec again at 350 which made a high above 450 and Traders booked great profit in this Trade
> Bought BankNifty 35200 PE 30th Dec at 280 which we booked with 50 points profit due to slow movement

Overall, a Good Day for BankNifty Option Buyers.

Tomorrow if BankNifty starts trading below 34980 we may see 130-200 points down move.

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above 35280
Sell Below 34980

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Sell Trade Triggered and All Targets Done.