BankNifty Intraday Trade Setup | 29th October for NSE:BANKNIFTY by InvestPro_India

trendanalysis chartpattern indicator banknifty bankniftytradesetup bankniftyanalysis bankniftyview bankniftyoptions bankniftyintradaylevels bankniftyintraday bankniftyintradaysetpup bankniftylevels

BankNifty opened flat and we saw sharp selling just after opening and it broke all the levels on the downside.

Trades we took Today:

> Bought BankNifty 40400 CE at 230 which we booked at the cost
> Bought BankNifty 40500 PE at 190 which made a high around 500 and Traders booked great profit in this Trade
> Bought BankNifty 40200 CE at 160 which made a high around 300 and Traders booked great profit in this Trade

Overall, a great day for BankNifty Option Buyers.

Today's low is important and we can see another down move if BankNifty breaks 39350 tomorrow.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 39800
Sell Below 39350

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

Happy Trading!
InvestPro India Team

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

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