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

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Happy Trading!
InvestPro India Team

Trade closed: target reached:

Sell Trade Triggered, 1st & 2nd Targets Done.