BankNifty Intraday Trade Setup | 20th September

BankNifty opened with a gap-up and there faced rejection near 38050 which was also our 3rd Target for Buying Trade. We bought 36800 PE at 290 which went to above 390 in 10-15 mins and Traders booked great profit in this trade. We also bought 38100 CE at 260 which also gave an easy target of 100 points. We also took 37900 CE twice and booked 70-80 points.

Overall it was a great day and we booked profit in all 4 Index Options Trades.

For tomorrow, SGX indicating gap-down opening, we would be looking for an opportunity to buy morning dips.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 37720
Sell Below 37400

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

Happy Trading!
InvestPro India Team