BankNifty Intraday Trade Setup | 22nd March

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BankNifty opened with a small gap-up at 36573, faced sharp rejection in the 36600 zones and we saw continuous selling in the morning session.

Trades we took today -

> Bought BankNifty 36200 PE at 420, it went above to our Last Target 530 and Traders booked profit
> Bought BankNifty 36800 CE at 290 which we booked with 15 points loss
> Bought BankNifty 36000 PE at 440 and added more at 390 which we booked around cost due to slow movement
> Bought BankNifty 36600 CE at 335 which we booked with 40 points loss
> Bought BankNifty 36300 CE at 375, it went above to our 2nd Target 440 and Traders booked profit

Overall, BankNifty Option Buyers booked small profit.

Tomorrow if BankNifty sustain below 35900, we may see a fast down move.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above 36200
Sell Below 35900

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

Happy Trading!
InvestPro India Team

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أغلقت الصفقة: تم الوصول للهدف

Got Both Sell & Buy Trade and Targets Done.