Nifty Bank IndexUpdated BankNifty Intraday Trade Setup | 19th January 2022
BankNifty opened with a minor gap-up, after some consolidation BankNifty sustained above our Buy level 38400 and we saw a big trending upmove and BankNifty hit all marked targets on the chart.
Trades we took today -
> Bought BankNifty 38200 CE at 390 which went above our First Target 440 and Traders booked profit in this Trade
> Bought BankNifty 38200 CE again at 360 which went above our First Target 400 and Traders booked profit in this Trade
> Bought BankNifty 38200 CE again at 360 which went above our Last Target 480 and Traders booked profit in this Trade
> Bought BankNifty 38300 CE at 400 which went above our Last Target 495 and Traders booked profit in this Trade
> Bought BankNifty 38300 CE at 400 which we booked with 60 points loss
Overall, BankNifty Option Traders booked great profits.
Tomorrow, we may see a fast down-move if BankNifty breaks 38100 in the morning.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38450
Sell Below 38100
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38200 CE at 390 which went above our First Target 440 and Traders booked profit in this Trade
> Bought BankNifty 38200 CE again at 360 which went above our First Target 400 and Traders booked profit in this Trade
> Bought BankNifty 38200 CE again at 360 which went above our Last Target 480 and Traders booked profit in this Trade
> Bought BankNifty 38300 CE at 400 which went above our Last Target 495 and Traders booked profit in this Trade
> Bought BankNifty 38300 CE at 400 which we booked with 60 points loss
Overall, BankNifty Option Traders booked great profits.
Tomorrow, we may see a fast down-move if BankNifty breaks 38100 in the morning.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38450
Sell Below 38100
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, 1st & 2nd Targets Done.
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Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.