BankNifty Intraday Trade Setup | 21st January 2022

BankNifty opened with a minor gap-up near 38150, we saw selling in the morning and BankNifty broke our selling level 37800 and made a low around 37600.

Trades we took today -

> Bought BankNifty 38300 CE at 390 which went to our 1st Target 430 and Traders booked profit in this Trade
> Bought BankNifty 38000 PE at 410 which went to our 1st Target 470 and Traders booked profit in this Trade
> Bought BankNifty 38300 CE again at 350 which we booked with 30 points loss

As the trend was clear in Nifty we took more trades in Nifty .

Tomorrow, we may see an upmove for 150-250 points if BankNifty sustains above 37950.

Expectations for Tomorrow: Trend day.

Intraday Levels:
Buy Above 37950
Sell Below 37770

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

Happy Trading!
InvestPro India Team
Order cancelled: Gap-down opening, no trade as per set-up.

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