BankNifty Intraday Trade Setup | 7th December
Diupdate
BankNifty opened flat, we saw selling in morning BankNifty took support near 35900 zones and gave up-move towards 36350 which was also our Buying level but it couldn't sustain at upper levels and broke morning lower range in the second session.
Trades we took today -
> Bought BankNifty 36100 PE at 380 which made a high around 480 and Traders booked good Profit in this Trade
> Bought BankNifty 35900 CE at 530 which made a high around 630 and Traders booked good Profit in this Trade
> Bought BankNifty 36200 CE at 380 which we booked with 60 points loss
> Bought BankNifty 16th Dec 36000 PE at 480 which we booked with 40 points loss
> Bought BankNifty 36000 PE @ 400 which made a high around 500 and Traders booked good Profit in this Trade
Overall, a good day for BankNifty Option Buyers.
If BankNifty sustains below today's low we can see further selling in BankNifty.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 35900
Sell Below 35680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 36100 PE at 380 which made a high around 480 and Traders booked good Profit in this Trade
> Bought BankNifty 35900 CE at 530 which made a high around 630 and Traders booked good Profit in this Trade
> Bought BankNifty 36200 CE at 380 which we booked with 60 points loss
> Bought BankNifty 16th Dec 36000 PE at 480 which we booked with 40 points loss
> Bought BankNifty 36000 PE @ 400 which made a high around 500 and Traders booked good Profit in this Trade
Overall, a good day for BankNifty Option Buyers.
If BankNifty sustains below today's low we can see further selling in BankNifty.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 35900
Sell Below 35680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Catatan
No Trade as per set-up.
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Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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