BankNifty Intraday Trade Setup | 18th April
Mis à jour
BankNifty opened with a gap-up around 37890 and after making a high at 37988 it was forming lower lows throughout the day and closed near a day low at 37463.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 37700 CE at 300 which we booked with a small loss of 15 points
> Bought BankNifty 38100 PE at 240, it made a high above our Last Target of 330 and Traders booked profit
> Bought BankNifty 38000 PE at 270, it made a high above our 2nd Target of 315 and Traders booked profit
> Bought BankNifty 37700 CE again at 170, it made a high above our 2nd Target of 215 and Traders booked profit
> Bought BankNifty 38000 PE again at 240, it made a high above our Last Target of 330 and Traders booked profit
> Bought BankNifty 37500 CE at 290 which we booked with a loss of 40 points
> Bought BankNifty 37600 CE at 150 which we booked with a loss of 30 points
> Bought BankNifty 37800 CE 21st April at 410 which we booked with 50 points loss
Overall a choppy day, BankNifty Option Buyers booked a good profit in 1st Half but 2nd Half we booked a loss.
Tomorrow if BankNifty breaks 37200 on the downside, a fast down move is expected.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37620
Sell Below 37200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took on Expiry day, 13th April-
> Bought BankNifty 37700 CE at 300 which we booked with a small loss of 15 points
> Bought BankNifty 38100 PE at 240, it made a high above our Last Target of 330 and Traders booked profit
> Bought BankNifty 38000 PE at 270, it made a high above our 2nd Target of 315 and Traders booked profit
> Bought BankNifty 37700 CE again at 170, it made a high above our 2nd Target of 215 and Traders booked profit
> Bought BankNifty 38000 PE again at 240, it made a high above our Last Target of 330 and Traders booked profit
> Bought BankNifty 37500 CE at 290 which we booked with a loss of 40 points
> Bought BankNifty 37600 CE at 150 which we booked with a loss of 30 points
> Bought BankNifty 37800 CE 21st April at 410 which we booked with 50 points loss
Overall a choppy day, BankNifty Option Buyers booked a good profit in 1st Half but 2nd Half we booked a loss.
Tomorrow if BankNifty breaks 37200 on the downside, a fast down move is expected.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37620
Sell Below 37200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
Gap-down opening, no trade as per set-up but we gave few trades in Telegram Channel and Traders booked great profit.
Subscription Plans: investproindia.in/subscription
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.