BankNifty Intraday Trade Setup | 22nd December

BankNifty opened with a big Gap-up above our Buy Level 34550 as expected and faced resistance at the 34950 zones in the morning. BankNifty was showing strength and able to cross 35000 level but we saw sharp selling from higher levels in the second half.

Trades we took today -

> Bought BankNifty 35000 PE at 340 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 34700 CE at 310 which made a high above 450 and Traders booked great profit in this Trade
> Bought BankNifty 34600 CE at 410 which made a high above 550 and Traders booked great profit in this Trade
> Bought BankNifty 34800 CE at 370 which we booked with 90 points loss
> Bought BankNifty 34900 PE at 410 which made a high around 600 and Traders booked great profit in this Trade

Overall, a Great Day for BankNifty Option Buyers.

Tomorrow, we can see a fast down-move if BankNifty sustains below today's low.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 34700
Sell Below 34385

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.