BankNifty Intraday Trade Setup | 10th December

BankNifty opened near our Buy Level of 36400, we saw selling in the morning and BankNifty made a low around 35900 which worked as support and again came towards 36250.

Trades we took today -

> Bought BankNifty 16th Dec 37400 CE at 410 which we booked with 80 points loss
> Bought BankNifty 16th Dec 37100 PE at 410 which made a high above 500 and Traders booked good profit in this Trade
> Bought BankNifty 16th Dec 37200 CE at 340 which made a high around 480 and Traders booked good profit in this Trade
> Bought BankNifty 16th Dec 37100 PE again at 360 which we booked with 25 points loss
> Bought BankNifty 37300 CE at 40 which made a high around 75 and Traders booked Great Profit in this Trade

Overall, a choppy day for BankNifty Option Buyers.

BankNifty formed a range and we may see a good move tomorrow either side range breaks.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above 37260
Sell Below 36900

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

Happy Trading!
InvestPro India Team

Trade chiuso: stop raggiunto:

Choppy Market, SL hit on Sell Side.