BankNifty Expiry Trade Setup | 13th January 2022

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BankNifty opened with a Gap-up above 38700 and after some consolidation, we saw a follow-up upmove towards 38850. It was a range-bound day so not much opportunity for Option Buyers.

Trades we took today -

> Bought BankNifty 38900 PE at 350 which went above 400 but only a few Traders could take the position as it moved fast
> Bought BankNifty 38400 CE at 440, added more at 400 which went above our 2nd Target 510 and Traders booked good profit in this Trade
> Bought BankNifty 39000 PE at 340 which went near to 500 and Traders booked good profit in this Trade

Overall, a BankNifty Option Buyers booked a small profit on a choppy day.

BankNifty was taking support at 38600, if support breaks tomorrow we may see a fast move.

Expectations for Tomorrow: Range-bound Day, Volatality after 12:20 PM.

Intraday Levels:
Buy Above 38810
Sell Below 38600

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 and 1st Target Done.

InvestPro_India

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Views are for educational purposes only. You are solely responsible for any decisions based on my research.

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