BankNifty again opened with a Gap-up around 38750 and gave a good upmove, though the movement was very slow and Intraday Option Buyers didn't get much opportunity.
Trades we took today -
> Bought BankNifty 38900 PE at 360 which we booked with 50 points loss
> Bought BankNifty 38700 CE at 580, it went above our First Target 640 and Traders booked profit in this Trade
Overall, nothing much for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 38380 we may the 100 - 250 points upmove.
Expectations for Tomorrow: Range-bound day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 39380
Sell Below 39000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38900 PE at 360 which we booked with 50 points loss
> Bought BankNifty 38700 CE at 580, it went above our First Target 640 and Traders booked profit in this Trade
Overall, nothing much for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 38380 we may the 100 - 250 points upmove.
Expectations for Tomorrow: Range-bound day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 39380
Sell Below 39000
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 1st Target Done.
