BankNifty Intraday Trade Setup | 23rd Feb

BankNifty opened with a big gap-down and made low near 36800 zones which is strong support and BankNifty showed approx. 800 points upmove from lower levels though we again saw the rejection at 37650 zones.

Trades we took today -

> Bought BankNifty 36800 PE at 350, it went above our 1st Target 400 and Traders booked great profit
> Bought BankNifty 37200 PE at 400, it went above our 3rd Target 480 and Traders booked great profit
> Bought BankNifty 37000 PE at 360 which we booked with 60 points loss
> Bought BankNifty 37300 CE at 440, it went above our Last Target 560 and Traders booked great profit

Overall, BankNifty Option Buyers booked good profit.

Tomorrow, if BankNifty sustains below 37180 we may see a fast down move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 37500
Sell Below 37180

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

Happy Trading!
InvestPro India Team

Trade stängt: målet nått:

Buy Trade Triggered, 1st & 2nd Targets Done.