BankNifty Expiry Trade Setup | 18th November
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BankNifty opened with a gap-down below our Sell Level of 38200 and after morning fall BankNifty took support around 38000 which was also a psychological level and we saw a good rally from lower levels.
Trades we took today -
> Bought BankNifty 38000 CE at 280 which made a high above 550 and Traders booked great profit in this Trade
> Bought BankNifty 38400 PE at 250 which we booked with 40 points loss
> Bought BankNifty 38300 CE at 300 which we booked with 50 points loss
> Bought BankNifty 38400 PE again at 260 which made a high above 400 and Traders booked great profit in this Trade
Today BankNifty Option Buyers booked great profit.
Tomorrow we can see a fast down-move if BankNifty breaks 37950 level but we also can see a short-covering expiry rally so trade with caution.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above 38160
Sell Below 37950
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38000 CE at 280 which made a high above 550 and Traders booked great profit in this Trade
> Bought BankNifty 38400 PE at 250 which we booked with 40 points loss
> Bought BankNifty 38300 CE at 300 which we booked with 50 points loss
> Bought BankNifty 38400 PE again at 260 which made a high above 400 and Traders booked great profit in this Trade
Today BankNifty Option Buyers booked great profit.
Tomorrow we can see a fast down-move if BankNifty breaks 37950 level but we also can see a short-covering expiry rally so trade with caution.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above 38160
Sell Below 37950
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Sell Trade Triggered, 1st Target Done.
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