BankNifty Daily Levels Update For Option Day Trading

2 Agu 2022

Tomorrow Up Side Possible Trade in Banknifty
Trade Entry –
If Banknifty Open gap Down Above Support Zone and Sustain above it (37724 – 37762) You Can Buy ATM CALL Option (37700 CALL)

Trade Target –
Banknifty Upside First Target is 37900
Banknifty Second Target is 38030

Trade Stoploss –
If Banknifty index Any 30 min candle Close Below Support 37724 then Exit from Trade or max . 30/35 Points Stoploss .


First Down Side Possible Trade in Banknifty
Trade Entry
If Banknifty Open Gap up Tommorw But Sustain below Resistance Zone (38075 – 38035) You Can Buy ATM PUT Option (38100 PUT)

Trade Target
Banknifty Downside First Target is 37760

Trade Stoploss
If Banknifty index Any 30 min candle Close Below Support 38075 then Exit from Trade or max . 30/35 Points Stoploss .

Second Down Side Possible Trade in Banknifty


Trade Entry
If Banknifty Open Gap Down Tommorw But Sustain below Resistance Zone (37724 – 37762) You Can Buy ATM PUT Option (37800 PUT)

Trade Target
Banknifty Downside First Target is 37392
Banknifty Downside First Target is 37100 ( if any one Hour Candle closes below 37350 )

Trade Stoploss
If Banknifty index Any 30 min candle Close Below Support 37762 then Exit from Trade or max . 30/35 Points Stoploss .