BankNifty Intraday Trade Setup | 21st March

BankNifty opened with a gap-up at 36316 and after making a low around 36260 in first 15 mins BankNifty went towards 36600 zones but it was trading in a small range with low volume so nothing much for Option Buyers.

Trades we took today -

> Bought BankNifty 36200 PE at 190 which we booked with 5 points loss
> Bought BankNifty 36400 CE at 200, and added more at 170 which went above to our Last Target 260 and Traders booked profit
> Bought BankNifty 36200 PE 24th Mar at 450, it went above to our 1st Target 510 and Traders booked profit
> Bought BankNifty 36400 PE Expiry Tare at 100, it went above to our 140 and Traders booked profit

Overall, it was a range-bound day but BankNifty Option Buyers booked some profit.

Tomorrow if BankNifty sustain above 36620, we may see another upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36620
Sell Below 36400

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.