BankNifty Intraday Trade Setup | 8th Feb

BankNifty opened with a minor Gap-down, saw selling since morning and BankNifty kept forming lower lows throughout the day.

Trades we took today -

> Bought BankNifty 38800 PE at 400, it went above our Last Target 520 and Traders booked great profit
> Bought BankNifty 38800 PE at 440, it went above our Last Target 570 and Traders booked great profit

Overall great day for BankNifty Option Buyers, booked wonderful profit in morning trades.

Tomorrow, if BankNifty breaks 37800 we may again see a fast down move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 38100
Sell Below 37800

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

Happy Trading!
InvestPro India Team

Trade chiuso: obiettivo raggiunto:

Sell Trade Triggered and All Targets Done.