InvestPro_India

BankNifty Intraday Trade Setup | 17th August

NSE:BANKNIFTY   NIFTY BANK
BankNifty opened a flat and whole day trading inside the first 15 mins candle so there was no much opportunity for Option Buyers. In morning we bought 36100 CE around 280 and we added more around 230 which we booked almost at cost.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 36230
Sell Below 35980

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

Happy Trading!
InvestPro India Team
Comment: Great profit in 36000 PE, opened below our Selling price and bearish since morning.
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Comments

namaste bhai, as today bought thirty five two hundred call by paying premium of eight fifty rs, view was bullish. spot made thirty six three hundred high...so we get two hundred fifty rupee profit n can exit the trade on same day...plz help
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InvestPro_India naveenkagarwal143
@naveenkagarwal143, Nifty is already stretched and BankNifty is not bullish as Nifty, also due to the Taliban Kabul issue won't recommend holding Options, you can see tomorrow/Wednesday and book as we have a holiday on Thursday, 19th.
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