Nifty Bank IndexUpdated BankNifty Intraday Trade Setup | 5th January 2022
BankNifty opened flat and after a choppy move in the morning, BankNifty gave a good up-move and faced resistance around our last level 36880 and remained in the range.
Trades we took today -
> Bought BankNifty 35400 CE at 390 which we booked with 50 points loss
> Bought BankNifty 36800 PE at 430 which we booked with 40 points loss
> Bought BankNifty 36500 CE at 360 which we booked with 40 points loss
Overall, it was a bad day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 36900 in the morning we may see another 150-300 points upmove but remain cautious as 37000 is psychological resistance.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36900
Sell Below 36700
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 35400 CE at 390 which we booked with 50 points loss
> Bought BankNifty 36800 PE at 430 which we booked with 40 points loss
> Bought BankNifty 36500 CE at 360 which we booked with 40 points loss
Overall, it was a bad day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 36900 in the morning we may see another 150-300 points upmove but remain cautious as 37000 is psychological resistance.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36900
Sell Below 36700
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Buy Trade Triggered and All Targets Done.
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Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.