BankNifty Intraday Trade Setup | 27th October

BankNifty opened flat and it faced resistance near our Buy Level 41400, came all down to 40830, and then it was trading in that range for the entire day.

Trades we took Today:

> Bought BankNifty 41200 CE at 230 which made a high above 400 and Traders booked great profit in this Trade.
> Bought BankNifty 41200 CE again at 290 which made a high around 390 and Traders booked good profit in this Trade.
> Bought BankNifty 41200 PE at 260 which we booked around cost as BankNifty was moving in a narrow range

Overall, we booked great profit today in BankNifty Options.

Today was a range-bound day and BankNifty formed the inside candle on a daily time frame, we are expecting a trending move on either side BankNifty breaks today's range.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 41400
Sell Below 41000

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Sell Trade Triggered and 2 Targets Done.