BankNifty Intraday Trade Setup | 21st Feb

2022年2月20日

BankNifty opened with a minor Gap-up but we saw selling in the morning and made low near 37300 zones. BankNifty showed a good recovery from lower levels for 500 points and we again saw the rejection in the last hours.

Trades we took today -

> Bought BankNifty 37200 PE at 510 which we booked with 60 points loss
> Bought BankNifty 37100 PE at 450 which we booked with 50 points loss
> Bought BankNifty 37800 CE at 450, it went to our 3rd Target 540 and Traders booked good profit

Overall, it was a choppy day for BankNifty Option Buyers.

Tomorrow, if BankNifty sustains below 37300 we may see a fast down move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 37680
Sell Below 37300

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

Happy Trading!
InvestPro India Team

2022年2月21日

交易结束：到达目标

1st Target done on Sell-side and then All Targets done on Buying side.