BankNifty Intraday Trade Setup | 11th January 2022

BankNifty opened with a big Gap-up around 37950, gave follow-up upmove in the morning and we saw some selling but again taken support near morning low and closed above 38300.

Trades we took today -

> Bought BankNifty 38000 CE at 490 which we booked with 60 points loss
> Bought BankNifty 38400 CE at 290 which we booked with 30 points loss
> Bought BankNifty 38300 PE at 420 which went above our 3rd Target 540 and Traders booked great profit in this Trade
> Bought BankNifty 37800 CE at 470 which made a high above our Last Target 570 and Traders booked great profit in this Trade
> Bought BankNifty 38100 CE at 380 which made a high above our Last Target 490 and Traders booked great profit in this Trade

Overall, a Great day for BankNifty Option Buyers.

Tomorrow, we may see an upmove above 38400 but trade small qty as BankNifty already moved around 3000 points in last 7 sessions.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 38400
Sell Below 38090

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered and captured 100 points.