BankNifty Expiry Trade Setup | 21st April

BankNifty opened with a gap-up around 36500 and was trading in 400 points range 36110 - 36500 throughout the day.

Trades we took on Expiry day, 13th April-

> Bought BankNifty 36200 CE at 320, it made a high above our Last Target of 430 and Traders booked profit
> Bought BankNifty 36100 CE at 360 and added more at 340, it made a high above our 3rd Target of 450 and Traders booked profit
> Bought BankNifty 36500 PE at 290, it made a high above our 2nd Target of 350 and Traders booked profit
> Bought BankNifty 36300 CE at 290 which we booked with a small loss at 280
> Bought BankNifty 36300 CE at 250, it made a high above our Last Target of 350 and Traders booked profit
> Bought BankNifty 36400 CE at 260 which we booked with 40 points loss
> Bought BankNifty 36200 CE at 290, it made a high above our 1st Target of 340 and Traders booked profit

Overall BankNifty Option buyers made a profit on a choppy day.

Tomorrow if BankNifty breaks 36520 on the upside, we can expect an upmove.

Expectations for Tomorrow: Range-bound day, volatility after 1:00.

Intraday Levels:
Buy Above 36520
Sell Below 36110

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

Happy Trading!
InvestPro India Team

Trade chiuso: obiettivo raggiunto:

Buy Trade Triggered and All Targets Done.