BankNifty Intraday Trade Setup | 25th April
Updated
BankNifty opened with a gap-down around 36580 and after making a low near 36250 which was a support zone we saw a bounce towards 36450 zones but BankNifty couldn't sustain at upper levels and made a new low at 35991.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36500 PE at 380, it made a high above our Last Target of 480 and Traders booked profit
> Bought BankNifty 36400 PE at 400, it made a high above our 2nd Target of 455 and Traders booked profit
> Bought BankNifty 36500 CE at 350 which we booked at 335 with 15 points loss
Overall it was a range-bound day and BankNifty Option buyers made some profit.
Tomorrow if BankNifty breaks 35900 on the downside, we can expect a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36250
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36500 PE at 380, it made a high above our Last Target of 480 and Traders booked profit
> Bought BankNifty 36400 PE at 400, it made a high above our 2nd Target of 455 and Traders booked profit
> Bought BankNifty 36500 CE at 350 which we booked at 335 with 15 points loss
Overall it was a range-bound day and BankNifty Option buyers made some profit.
Tomorrow if BankNifty breaks 35900 on the downside, we can expect a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36250
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
Big gap-down opening, no trade as per set-up.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
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