Bank Expiry Trade Setup | 15th July

As analyzed it was a volatile day, BankNifty opened with a minor gap-down and came towards 35500 levels, it formed the same pattern as yesterday and was not breaking the morning low. We bought 35400 CE at 265 and added more at 230-220 levels that gave good profit. In the second half, we bought 35800 and 35900 PE and both gave great profit.

For tomorrow, if BankNifty again struggles near the 35800 zones, PE buyers would get a good opportunity.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 35820
Sell Below 35400

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

Happy Trading!

Comment:

1st Target done on buying side.