BankNifty Intraday Trade Setup | 29th October

BankNifty opened flat and we saw sharp selling just after opening and it broke all the levels on the downside.

Trades we took Today:

> Bought BankNifty 40400 CE at 230 which we booked at the cost
> Bought BankNifty 40500 PE at 190 which made a high around 500 and Traders booked great profit in this Trade
> Bought BankNifty 40200 CE at 160 which made a high around 300 and Traders booked great profit in this Trade

Overall, a great day for BankNifty Option Buyers.

Today's low is important and we can see another down move if BankNifty breaks 39350 tomorrow.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 39800
Sell Below 39350

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

Happy Trading!
InvestPro India Team