BankNifty Intraday Trade Setup | 30th August

BankNifty opened with a minor gap-down and it took support from lower levels, we bought 35600 CE at 270 which went to 320 in just 5 mins and Traders booked good profit. We also bought 35700 PE at 300 and it went to our target of 345 and booked good profit in that trade too.

We are expecting to see a good up-move once BN would break the falling yellow trendline on the upside.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above 35700
Sell Below 35500

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

Happy Trading!
InvestPro India Team

Comment:

Low was around our buying level and we saw a good up-move. Bought 35800 CE at 270 and it made a high close to 500.

Trade closed: target reached:

As analyzed, All Targets done on buying side. Traders booked great profit in 35800 and 35900 CE.