BankNifty Intraday Trade Setup | 15th September

14 sept. 2021

BankNifty opened with a gap-up today and was facing resistance in the 36700-36750 zone. We bought 36800 PE at 270 with the SL of 230, we added more qty at 230 and revised SL to 200 due to choppy movement in the morning, 36800 PE went to 375 in the afternoon and Traders booked profit in this trade. We also bought 37000 PE at 350 which went to around 520 and we booked great profit in this trade.

BankNifty is forming a Triangle pattern, we can expect a trending move of 100-200 points once BN breaks the pattern on either side.

Expectations for Tomorrow: Rangebound day.

Intraday Levels:
Buy Above 36700
Sell Below 36530

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

Happy Trading!
InvestPro India Team

15 sept. 2021

Note

Bought 36300 CE at morning low @ 300 and it went to 415.