BankNifty Expiry Trade Setup | 7th April

BankNifty opened with a gap-down around 37740 and after testing 37820 zones we saw selling towards 37513 and BankNifty was trading in the 300 - 350 points range for the whole day.

Trades we took today -

> Bought BankNifty 37600 CE at 300, it made a high above our Last Target of 395 and Traders booked profit
> Bought BankNifty 38000 PE at 440, we added more at 400 and booked all with profit around 500
> Bought BankNifty 38000 PE again at 440, it made a high above our 2nd Target of 520 and Traders booked profit
> Bought BankNifty 37600 CE at 320, it made a high above our 3rd Target of 410 and Traders booked profit
> Bought BankNifty 37600 CE again at 320, it made a high above our 3rd Target of 410 and Traders booked profit
> Bought BankNifty 37500 CE at 320 which we booked with 5 points loss
> Bought BankNifty 37900 PE again at 330, it made a high above our 1st Target of 390 and Traders booked profit
> Bought BankNifty 37500 CE at 290, it made a high above our 3rd Target of 360 and Traders booked profit

Overall it was a wonderful day for BankNifty Option Buyers.

Tomorrow if BankNifty breaks 37500 on the downside, we may see a fast down move.

Expectations for Tomorrow: Range-bound day, Volatality after 1:10 PM.

Intraday Levels:
Buy Above 37870
Sell Below 37500

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

Happy Trading!
InvestPro India Team

Trading ditutup: target tercapai:

Buy Trade Triggered, 1st Target Done.