BankNifty Intraday Trade Setup | 5th April

已更新

BankNifty 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

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

Happy Trading!
InvestPro India Team

交易结束：到达目标

Sell Trade Triggered, 1st and 2nd Tragets done.

InvestPro_India

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

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