Bank Expiry Trade Setup | 12th August

BankNifty opened with a Gap-up near our upper resistant line and we saw a sharp selling from upper levels as per our analysis. We bought 36300 PE in the morning around 300 which went to above 700 and Traders made a great profit.

In the afternoon we also bought 35600 CE at 270 and added more at 240 which went to above 380 and again gave good profit.

For tomorrow, we may see a sharp selling in the second session so be cautious on sell-side if it sustains above 36000 zones.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 35900
Sell Below 35700

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

Happy Trading!
InvestPro India Team

Comment:

Facing resistance at 35900-36000 zone, given 36200 PE twice and booked great profit.