BankNifty Intraday Trade Setup | 10th MayBankNifty opened with a gap-down around 34225 and after making a low around 33925 we saw a bounce which took BankNifty to above 34550 but that acted as a rejection zone and we again saw a fall towards 34100 zones.
Trades we took yesterday-
> Bought BankNifty 34200 CE at 390 which we booked at 370 with 20 points loss
> Bought BankNifty 34000 CE at 430 which we booked at 410 with 20 points loss
> Bought BankNifty 34100 PE at 440, it went above our 1st Target of 490 and Traders booked profit
> Bought BankNifty 34000 CE at 400, it went above our 2nd Target of 460 and Traders booked profit
> Bought BankNifty 34100 PE at 410 which we booked at 360 with 50 points loss
> Bought BankNifty 34000 CE at 390, it went above our 1st Target of 430 and Traders booked profit
> Bought BankNifty 34300 PE at 390 which we booked at 345 with 45 points loss
> Bought BankNifty 34500 CE at 380which we booked at 330 with 50 points loss
Overall, it was not a good day for BankNifty option buyers.
Tomorrow if BankNifty breaks 34600 on the upside, we can expect an up-move.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 34600
Sell Below 34000
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InvestPro India Team
Bankniftyintradaysetup
BankNifty Intraday Trade Setup | 6th MayBankNifty opened with a gap-up around 35713 and showed strength in the morning which took BankNifty to 35934 but we saw strong rejection in this zones and BankNifty gave almost 800 points fall from day high.
Trades we took yesterday-
> Bought BankNifty 35500 PE 12th May at 380, it went above our 1st Target of 430 and Traders booked profit
> Bought BankNifty 35500 PE 12th May again at 390 which we booked with 40 points loss
> Bought BankNifty 35600 PE 12th May at 350 which we booked at 369 with 19 points profit
> Bought BankNifty 36000 CE 12th May at 370, it went above our 1st Target of 410 and Traders booked profit
> Bought BankNifty 36000 PE 5th May at 190, it went above our Last Target of 300 and Traders booked profit
> Bought BankNifty 36000 CE 12th May at 340 which we booked at 325 with 15 points loss
> Bought BankNifty 35600 PE 12th May at 390, it went above our Last Target of 480 and Traders booked profit
> Bought BankNifty 35500 PE 5th May at 45, it made a high above 340 and Traders booked insane profit
Overall, it was a wonderful expiry day for BankNifty option buyers.
Today if BankNifty breaks 34900 on the downside, we expect a further down-move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 35400
Sell Below 34900
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InvestPro India Team
BankNifty Expiry Trade Setup | 5th MayBankNifty opened with a gap-up around 36288 and after making a day high in the first 15 mins at 36309 we saw selling towards 35750 zones which provided some cushion but the RBI rate hike news triggered a fresh fall and broke important support of 35500.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36400 PE at 340 which we booked at 315 with 25 points loss
> Bought BankNifty 36100 CE at 340, it went above our 1st Target of 370 and Traders booked profit
> Bought BankNifty 36400 PE at 330, it went above our Last Target of 410 and Traders booked profit
> Bought BankNifty 35800 CE at 310, it went above our Last Target of 410 and Traders booked profit
Overall, it was a wonderful day for BankNifty option buyers.
Tomorrow if BankNifty breaks 35150 on the downside, we expect a further down-move.
Expectations for Tomorrow: Range-bound day, Volatality after 2:15 PM.
Intraday Levels:
Buy Above 35520
Sell Below 35150
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InvestPro India Team
BankNifty Intraday Trade Setup | 4th MayBankNifty opened with a gap-down around 35682 and formed low in the first candle at 35618 which acted as support and we saw a great bounce towards 36060. BankNifty was trading in the range 36060 - 35850 which was broken on the upside in last hour as expected.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 35800 PE at 320 which we booked at 310 with 10 points loss
> Bought BankNifty 36000 CE at 360, it went near to our 3rd Target of 430 and Traders booked profit
> Bought BankNifty 36000 PE at 335, it went above our Last Target of 420 and Traders booked profit
> Bought BankNifty 35900 CE at 340, it went above our Last Target of 440 and Traders booked profit
Overall BankNifty Option buyers booked a great profit on a range-bound day.
Tomorrow if BankNifty breaks 36300 on the upside, we expect a further up-move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 36300
Sell Below 35980
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InvestPro India Team
BankNifty Intraday Trade Setup | 2nd MayBankNifty opened with a gap-up around 36500, after some consolidation it went high towards 36700 which acted as profit booking zone and we saw 700 points sharp fall.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36600 CE at 350, it went above our 1st Target of 400 and Traders booked profit
> Bought BankNifty 36600 CE again at 320, it went above our 1st Target of 370 and Traders booked profit
> Bought BankNifty 36600 PE at 410, it went above our 1st Target of 450 and Traders booked profit
> Bought BankNifty 36700 CE at 360 which we booked with 10 points loss at 350
> Bought BankNifty 36200 CE at 490 which we booked with 40 points loss at 450
Overall BankNifty Option buyers booked a small profit on a highly volatile day.
Tomorrow if BankNifty breaks 35900 on the downside, we expect a further down move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 36140
Sell Below 35900
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InvestPro India Team
BankNifty Intraday Trade Setup | 29th AprilBankNifty opened with a gap-up around 36240, we saw some selling in the morning Banknifty made a low in 35950 zones and we saw a great bounce from lower levels. BankNifty gave a trending move for more than 500 points from the day low.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36500 PE at 350, it went above our Last Target of 450 and Traders booked profit
> Bought BankNifty 35800 CE at 300 which we booked at 335 with a small profit
> Bought BankNifty 36400 PE at 370 which we booked with a 10 points loss
> Bought BankNifty 35800 CE again at 340 which we booked with 20 points profit
> Bought BankNifty 36400 PE at 285 which we booked with a 35 points loss
> Bought BankNifty 36000 CE again at 275, it went above our Last Target of 365 and Traders booked profit
> Bought BankNifty 36000 CE again at 340, it went above our Last Target of 440 and Traders booked profit
Overall BankNifty Option buyers booked profit after small losses.
Tomorrow if BankNifty breaks 36520 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 36520
Sell Below 36300
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InvestPro India Team
BANKNIFTY Intraday Trade Setup For 28 Apr 2022BANKNIFTY Intraday Trade Setup For 28 Apr 2022
Buy-Above 36180
Sl-36080
T-36300 36400 36500
Sell-Below 35890
Sl-36000
T-35750 35600 35500
BANKNIFTY has formed a hammer candle i daily TF. Activation is above 36200. It can show some bullish momentum above this. Since few days its all about huge gap up/down opening. Here intraday data is more important to find trade setups.
Coming to the monthly expiry trade setup, we will long above 37180 if a 15 Min candle close above this. Above that candle high will be our entry. Targets will be 37300, 37400 and 37500.
An aggressive short trade can be done below 35890. 1st target will be 37750. Below 37750 target will be extended till 35500. Final target will be 35300.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
BankNifty Expiry Trade Setup | 28th AprilBankNifty opened with a gap-down due to weak global cues around 36077 and after making a high near 36180 we saw a fall towards 36760 zones that acted as support for the day and BankNifty was able to close above 36000.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36000 CE at 300 which we booked at 285 with 15 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target of 415 and Traders booked profit
We took only 2 Trades today and BankNifty Option buyers made a small profit.
Tomorrow if BankNifty breaks 36120 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.
Intraday Levels:
Buy Above 36120
Sell Below 35900
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InvestPro India Team
BankNifty Intraday Trade Setup | 27th AprilBankNifty opened with a gap-up around 36530 and after making a low near 36600 we saw a range-bound movement throughout the day from 36600 - 36300.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36600 PE at 330 which we booked at 320 with 10 points loss
> Bought BankNifty 36600 PE again at 330 which we booked at 350 with 20 points profit
> Bought BankNifty 36600 PE again at 350, it made a high above our last Target 360 and Traders booked profit
> Bought BankNifty 36600 PE again at 350, it made a high above our last Target of 445 and Traders booked profit though we asked safe Traders to exit at cost because of the slow movement
Overall BankNifty Option buyers made a profit on a range-bound day.
Tomorrow if BankNifty breaks 36600 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36600
Sell Below 36250
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InvestPro India Team
BankNifty Intraday Trade Setup | 26th AprilBankNifty opened with a big gap-down around 35803 and after making a low near 35510 we saw a great bounce towards 36250 which acted as resistance for the day. BankNifty was trading in 350 points range 36250 - 35900.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 35800 CE at 340, it made a high above our Last Target of 440 and Traders booked profit
> Bought BankNifty 35700 PE at 340, it made a high above 360 but we booked it at a cost due to slow movement
> Bought BankNifty 35900 PE at 300, it made a high above our 1st Target of 340 and Traders booked profit
> Bought BankNifty 35900 PE again at 360, it made a high above our 2nd Target of 410 and Traders booked profit
Overall BankNifty Option buyers made a good profit on a range-bound day.
Tomorrow if BankNifty breaks 36250 on the upside, we can expect a short-covering move.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 36250
Sell Below 35880
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InvestPro India Team
BankNifty Intraday Trade Setup | 25th AprilBankNifty opened with a gap-down around 36580 and after making a low near 36250 which was a support zone we saw a bounce towards 36450 zones but BankNifty couldn't sustain at upper levels and made a new low at 35991.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36500 PE at 380, it made a high above our Last Target of 480 and Traders booked profit
> Bought BankNifty 36400 PE at 400, it made a high above our 2nd Target of 455 and Traders booked profit
> Bought BankNifty 36500 CE at 350 which we booked at 335 with 15 points loss
Overall it was a range-bound day and BankNifty Option buyers made some profit.
Tomorrow if BankNifty breaks 35900 on the downside, we can expect a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36250
Sell Below 35900
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InvestPro India Team
BankNifty Intraday Trade Setup | 22nd AprilBankNifty opened with a gap-up around 36500 and after making a low near 36400 BankNifty gave a trending move upside though moves were choppy and Option Buyers couldn't get benefit.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36800 PE at 310 which we booked with 50 points loss
> Bought BankNifty 36900 PE at 340, it made a high above our Last Target of 440 and Traders booked profit
> Bought BankNifty 36800 PE at 320, it made a high above our 2nd Target of 390 and Traders booked profit
> Bought BankNifty 36900 PE at 300, it made a high above our 1st Target of 340 and Traders booked profit
> Bought BankNifty 36500 CE at 160, it made a high above our 1st Target of 190 and Traders booked profit
> Bought BankNifty 36700 PE at 160 which we booked with 20 points loss
> Bought BankNifty 36600 CE at 110, it made a high around 220 and Traders booked great profit
Overall BankNifty Option buyers made a profit on weekly expiry.
Tomorrow if BankNifty breaks 36900 on the upside, we can expect an upmove but the 37000 zone will act as resistance so book your profit quickly.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36900
Sell Below 36550
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InvestPro India Team
BankNifty Expiry Trade Setup | 21st AprilBankNifty opened with a gap-up around 36500 and was trading in 400 points range 36110 - 36500 throughout the day.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36200 CE at 320, it made a high above our Last Target of 430 and Traders booked profit
> Bought BankNifty 36100 CE at 360 and added more at 340, it made a high above our 3rd Target of 450 and Traders booked profit
> Bought BankNifty 36500 PE at 290, it made a high above our 2nd Target of 350 and Traders booked profit
> Bought BankNifty 36300 CE at 290 which we booked with a small loss at 280
> Bought BankNifty 36300 CE at 250, it made a high above our Last Target of 350 and Traders booked profit
> Bought BankNifty 36400 CE at 260 which we booked with 40 points loss
> Bought BankNifty 36200 CE at 290, it made a high above our 1st Target of 340 and Traders booked profit
Overall BankNifty Option buyers made a profit on a choppy day.
Tomorrow if BankNifty breaks 36520 on the upside, we can expect an upmove.
Expectations for Tomorrow: Range-bound day, volatility after 1:00.
Intraday Levels:
Buy Above 36520
Sell Below 36110
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InvestPro India Team
BankNifty Intraday Trade Setup | 19th AprilBankNifty opened with a big gap-down around 36580 and after making a high near 36970 we saw selling pressure and BankNifty made a low around 36440 which acted as support for the day.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36800 PE at 350, it made a high above our Last Target of 445 and Traders booked profit
> Bought BankNifty 37000 CE at 350 which we booked with a small profit at 390
> Bought BankNifty 36800 PE again at 310, it made a high above our Last Target of 420 and Traders booked profit
> Bought BankNifty 36800 PE again at 370 which we booked with a small loss at 335
Overall BankNifty Option buyers made a profit on a choppy day.
Tomorrow if BankNifty breaks 37000 on the upside, we can expect an upmove towards 37300 - 37400 zones.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37000
Sell Below 36640
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InvestPro India Team
BankNifty Intraday Trade Setup | 18th AprilBankNifty opened with a gap-up around 37890 and after making a high at 37988 it was forming lower lows throughout the day and closed near a day low at 37463.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 37700 CE at 300 which we booked with a small loss of 15 points
> Bought BankNifty 38100 PE at 240, it made a high above our Last Target of 330 and Traders booked profit
> Bought BankNifty 38000 PE at 270, it made a high above our 2nd Target of 315 and Traders booked profit
> Bought BankNifty 37700 CE again at 170, it made a high above our 2nd Target of 215 and Traders booked profit
> Bought BankNifty 38000 PE again at 240, it made a high above our Last Target of 330 and Traders booked profit
> Bought BankNifty 37500 CE at 290 which we booked with a loss of 40 points
> Bought BankNifty 37600 CE at 150 which we booked with a loss of 30 points
> Bought BankNifty 37800 CE 21st April at 410 which we booked with 50 points loss
Overall a choppy day, BankNifty Option Buyers booked a good profit in 1st Half but 2nd Half we booked a loss.
Tomorrow if BankNifty breaks 37200 on the downside, a fast down move is expected.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37620
Sell Below 37200
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InvestPro India Team
BankNifty Expiry Trade Setup | 13th AprilBankNifty opened with a gap-down around 37450 and after making a low at 37280 it was consolidated near the day low and gave a short-covering move in the last hour towards 37900.
Trades we took today -
> Bought BankNifty 37500 PE at 310 which we booked with a small profit of 40 points
> Bought BankNifty 37200 CE at 340, it made a high above our 2nd Target of 390 and Traders booked profit
> Bought BankNifty 37300 CE at 280, it made a high above our 1st Target of 330 and Traders booked profit
> Bought BankNifty 37300 CE again at 280, it made a high above our 1st Target of 330 and Traders booked profit
> Bought BankNifty 37500 PE at 290 which we booked with 40 points loss
> Bought BankNifty 37300 CE again at 340, it made a high above our 2nd Target of 385 and Traders booked profit
> Bought BankNifty 37600 PE again at 270, it made a high above our 3rd Target of 350 and Traders booked profit
> Bought BankNifty 37700 PE again at 310 which we booked with 40 points loss
> Bought BankNifty 37600 CE again at 270, it made a high above our Last Target of 370 and Traders booked profit
Overall a choppy day but BankNifty Option Buyers booked a good profit.
Tomorrow if BankNifty breaks 38000 on the upside, a fast short-covering move is expected.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 38000
Sell Below 37600
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InvestPro India Team
BankNifty Intraday Trade Setup | 12th AprilBankNifty opened with a gap-down around 37640 and after making a low at 37524 BankNifty was trading in a range 37940 - 37524 for the whole day.
Trades we took today -
> Bought BankNifty 37600 PE at 330, it made a high above our 1st Target of 370 and Traders booked profit
> Bought BankNifty 37700 CE at 320, it made a high above our Last Target of 400 and Traders booked profit
> Bought BankNifty 37800 PE at 320, it made a high above our 1st Target of 360 and Traders booked profit
> Bought BankNifty 37800 CE at 350, it made a high above our 1st Target of 390 and Traders booked profit
> Bought BankNifty 37800 PE at 270, it made a high above our Last Target of 335 and Traders booked profit
Overall BankNifty Option Buyers booked profit in all Trades today.
Tomorrow if BankNifty breaks 37500 on the downside, a fast down move is expected.
Expectations for Tomorrow: Range-bound Day
Intraday Levels:
Buy Above 38000
Sell Below 37500
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InvestPro India Team
BankNifty Intraday Trade Setup | 11th AprilBankNifty opened with a gap-up around 37640 and was trading in the 400 - 450 points range for the whole day where the high was around 378880 and low was 34400.
Trades we took today -
> Bought BankNifty 37600 PE at 460 which we booked with a small profit of 40 points
> Bought BankNifty 37400 PE at 370, it made a high above our 2nd Target of 430 and Traders booked profit
> Bought BankNifty 37800 CE at 420, it made a high above our 1st Target of 470 and Traders booked profit
> Bought BankNifty 37600 PE at 380 which we booked with 25 points loss
Overall it was a choppy day and BankNifty Option Buyers booked a small profit.
Tomorrow if BankNifty breaks 38000 on the upside, an upmove towards 38200 and above is expected.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 38000
Sell Below 37600
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InvestPro India Team
BankNifty Intraday Trade Setup | 8th AprilBankNifty opened with a gap-down around 37500 and after forming a low near 37350 we saw a good bounce, BankNifty went above 37950 but again saw the rejection at the upper level.
Trades we took today -
> Bought BankNifty 37600 PE at 240, it made a high above our 2nd Target of 290 and Traders booked profit
> Bought BankNifty 37600 PE again at 210 which we booked with 10 points loss
> Bought BankNifty 37300 CE at 230, it made a high above our 3rd Target of 300 and Traders booked profit
> Bought BankNifty 37700 PE at 230, it made a high above our 2nd Target of 280 and Traders booked profit
> Bought BankNifty 37400 CE at 190 which we booked with 15 points loss
> Bought BankNifty 37700 PE again at 240, it made a high above our 1st Target of 280 and Traders booked profit
> Bought BankNifty 37400 CE again at 290, it made a high above our Last Target of 375 and Traders booked profit
> Bought BankNifty 38000 PE at 160, it made a high above our 1st Target of 200 and Traders booked profit
> Bought BankNifty 38000 PE again at 150, it made a high above our 2nd Target of 195 and Traders booked profit
> Bought BankNifty 37700 PE again at 65, it made a high above our Last Target of 135 and Traders booked profit
Overall it was a fantastic day for BankNifty Option Buyers.
Tomorrow if BankNifty breaks 37460 on the downside, we may see a down move.
Expectations for Tomorrow: Trending Day
Intraday Levels:
Buy Above 37720
Sell Below 37460
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InvestPro India Team
BankNifty Expiry Trade Setup | 7th AprilBankNifty opened with a gap-down around 37740 and after testing 37820 zones we saw selling towards 37513 and BankNifty was trading in the 300 - 350 points range for the whole day.
Trades we took today -
> Bought BankNifty 37600 CE at 300, it made a high above our Last Target of 395 and Traders booked profit
> Bought BankNifty 38000 PE at 440, we added more at 400 and booked all with profit around 500
> Bought BankNifty 38000 PE again at 440, it made a high above our 2nd Target of 520 and Traders booked profit
> Bought BankNifty 37600 CE at 320, it made a high above our 3rd Target of 410 and Traders booked profit
> Bought BankNifty 37600 CE again at 320, it made a high above our 3rd Target of 410 and Traders booked profit
> Bought BankNifty 37500 CE at 320 which we booked with 5 points loss
> Bought BankNifty 37900 PE again at 330, it made a high above our 1st Target of 390 and Traders booked profit
> Bought BankNifty 37500 CE at 290, it made a high above our 3rd Target of 360 and Traders booked profit
Overall it was a wonderful day for BankNifty Option Buyers.
Tomorrow if BankNifty breaks 37500 on the downside, we may see a fast down move.
Expectations for Tomorrow: Range-bound day, Volatality after 1:10 PM.
Intraday Levels:
Buy Above 37870
Sell Below 37500
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InvestPro India Team
BankNifty Intraday Trade Setup | 5th AprilBankNifty opened with a gap-up near 37860 and after making a low around 37665 we saw a sharp rally because of HDFC News which took BankNifty above 38750 and we saw some selling from upper levels.
Trades we took today -
> Bought BankNifty 37800 CE at 330, it made a high above our Last Target 430, we asked Traders to Trail SL with some quantity, it made a high above 1000 and Traders booked profit
> Bought BankNifty 38200 CE at 410, it made a high above our Last Target 495 and Traders booked profit
> Bought BankNifty 38500 PE at 390, it made a high above our Last Target 500 and Traders booked profit
Overall it was a wonderful day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 38710, we may see another up move.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 38710
Sell Below 38490
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InvestPro India Team
BankNifty Intraday Trade Setup | 4th AprilBankNifty opened with a small gap-down near 36240 which was a day's low and we saw a trending move. BankNifty gave more than 900 points up-move and touched 37200.
Expectations for Tomorrow: Positive Morning Session.
Intraday Levels:
Buy Above 37200
Sell Below 36900
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InvestPro India Team