BankNifty Expiry Trade Setup | 9th December

BankNifty opened with a big Gap-up above our Buy Level of 36820 and after choppy movement in the morning due to RBI Policy we again saw a good upside movement.

Trades we took today -

> Bought BankNifty 36900 CE at 360 which made a high around 425 and Traders booked good profit in morning Trade
> Bought BankNifty 36900 CE again at 390 which we booked with 70 points loss
> Bought BankNifty 37100 PE at 280 which we booked with 50 points loss
> Bought BankNifty 37200 CE 16th DEC at 450 which made a high around 575 and Traders booked Great Profit in this Trade

Overall, it was an average day for BankNifty Option Buyers.

Tomorrow if BankNifty sustains above 37420, we can again see a good up-move.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.

Intraday Levels:
Buy Above 37420
Sell Below 37180

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.