BankNifty Expiry Trade Setup | 7th OctoberBankNifty opened a flat and soon it took support near 37640 and started going up from our Buying level which was 37780. We saw a good upmove in the first half and as per SpanAttack Strategy, we saw a sell-off in BankNifty around 12:30 PM.
Trades we took Today:
> Bought BANKNIFTY 38000 PE at 270 which we booked with 10 points loss.
> Bought BANKNIFTY 38200 PE at 300 which went to around 425 and Traders booked great profit in this trade.
> Bought BANKNIFTY 38200 PE again at 270 which made a high around 730 and Traders booked great profit in this trade.
Overall we booked great profit Today as well.
For tomorrow, we may see another down move if BankNifty breaks the support level of 37350, we also can see a bounce from that zone so be cautious.
Expectations for Tomorrow: Range-bound day, Volatality after 12:30 PM.
Intraday Levels:
Buy Above 37700
Sell Below 37350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
