BankNifty Expiry Trade Setup | 16th September
BankNifty opened with a minor gap-up and tested the support zone of 36550 at open. We bought 36300 CE in the morning at 300 which made a high of 679 and Traders booked great profit. We bought 36400 CE at 300 which made a high of 584 and Traders made again a great profit. We also bought 37000 PE around 260 which we booked with a loss of 40 points.
BankNifty has given the breakout of range, If it sustains above 36950 we can see a fast move of 100-150 points.
Expectations for Tomorrow: Rangebound day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above 36950
Sell Below 36750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty has given the breakout of range, If it sustains above 36950 we can see a fast move of 100-150 points.
Expectations for Tomorrow: Rangebound day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above 36950
Sell Below 36750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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