BankNifty Expiry Trade Setup | 24th March

BankNifty opened with a gap-up around the flat at 36630 and made high around 36830 but we saw selling from higher Levels and BankNifty made a low at 36064.

Trades we took today -

> Bought BankNifty 36600 CE at 400 which we booked at 440 with a small profit
> Bought BankNifty 36600 PE at 370 which we booked at 340 with 30 points loss
> Bought BankNifty 36500 PE at 340, it went above to our 1st Target 390 and Traders booked profit
> Bought BankNifty 36200 CE at 390, it went above to our 2nd Target 445 and Traders booked profit
> Bought BankNifty 36300 PE at 370, it went above to our 2nd Target 440 and Traders booked profit
> Bought BankNifty 36300 PE at 360 which we booked at 340 with 20 points loss
> Bought BankNifty 36200 CE at 340, it went above to our 2nd Target 395 and Traders booked profit

Overall, a choppy day and BankNifty Option Buyers booked a small profit.

Tomorrow if BankNifty sustains below 35900, we may see a fast down move.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.

Intraday Levels:
Buy Above 36350
Sell Below 35900

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.