Bankniftyoption
BankNifty Intraday Trade Setup | 25th OctoberBankNifty opened with a minor gap-up near our Buy level of 40200 and we saw a good rally in the morning, BankNifty saw resistance near 40600 level and fall almost 400 points from the day high.
Trades we took Today:
> Bought BankNifty 40500 CE at 340 and added more at 300 which made a high above 470 and Traders booked great profit in this trade
> Bought BankNifty 40000 PE at 230 which went around 310 and Traders booked good profit in this trade as well
Overall, SpanAttack Group members booked great profit on Friday.
Friday low is important to hold, if BankNifty breaks 40180 tomorrow, we can see 120-200 points fall.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 40380
Sell Below 40180
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Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 20th OctoberBankNifty opened with a Gap-up above our Buy level of 39800 and as per our analysis, BankNifty faced sharp rejection near the 40000 zones.
Trades we took Today:
> Bought BankNifty 40000 PE at 300 which made a high above 600 and Traders booked great profit in this.
> Bought BankNifty 39700 CE at 240 which made a high around 400 and Traders again booked great profit in this.
> Bought BankNifty 39700 CE again at 270 which we booked with 5 points loss at 265.
Overall, a great day for BankNifty Option Traders.
Tomorrow, we can see a sharp down-move of 120 - 250 points if BankNifty breaks and sustains below 39400.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 39600
Sell Below 39400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 19th OctoberBankNifty opened with a big Gap-up around 39900 and we saw a range-bound session after morning volatility as expected.
Trades we took Today:
> Bought BankNifty 39700 CE at 300 which made a high around 482 and Traders booked good profit in this.
> Bought BankNifty 39900 CE at 280 which made a high around 364 and Traders booked good profit in this.
> Bought BankNifty 39800 CE at 300 and BANKNIFTY 39700 PE at 310, booked both at cost because of the slow movement in BankNifty.
Overall, good day and Traders booked profit in BankNifty Options.
Tomorrow, we can see a sharp down-move of 100 - 200 points if BankNifty breaks and sustains below 39680.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 39800
Sell Below 39680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 14th OctoberBankNifty opened with a Gap-up and as per our analysis, we saw a volatile day. BankNifty took support at our Buying level 38600 and we saw 150-180 points upmove.
Trades we took Today:
> Bought BankNifty 38500 CE at 310 which made a high around 380 and Traders booked great profit in this.
> Bought BankNifty 38500 CE again at 290, and Traders booked this at 335.
> Bought BankNifty 38600 CE at 235, it made high around 264 but we booked it at cost as there was not much movement.
Overall, good day and Traders booked profit in BankNifty Options.
Tomorrow we can see a good move once BankNifty breaks today's range on either side.
Expectations for Tomorrow: Range-bound day, Volatality after 12:30.
Intraday Levels:
Buy Above 38800
Sell Below 38500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 13th OctoberAs analyzed BankNifty remained in a range for most of the day. BankNifty opened with a minor gap-up and tested the support zone of 38150 in the morning and we saw a bounce of 250 points from the support zone.
Trades we took Today:
> Bought BANKNIFTY 38200 CE at 350 which made a high around 391 and Traders booked great profit in this.
> Bought BANKNIFTY 38400 PE at 310 and we added more at 280 which we booked at 310.
Tomorrow we can see another upmove if BankNifty opens flat and sustains above 38600 in the morning but Wednesday is mostly volatile so be cautious at upper levels.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38600
Sell Below 38350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 12th OctoberBankNifty opened with a flat and as expected we saw a great upmove once BankNifty sustains above 37870 and BankNifty closed above its resistance zone of 38150.
For tomorrow, 38200-38100 would act as a support zone, and if BankNifty tests this zone in the morning and don't break then we may see BankNifty again in the 38400-38500 zone.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 38500
Sell Below 38100
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team