BankNifty Expiry Trade Setup | 16th December
Mis à jour
BankNifty opened a flat and tried to Break the resistance 37050 which was also our Buying zone but it couldn't sustain and we saw rejection in the morning. BankNifty also tested the lower range but that happened after 3:00 so it was a range-bound day.
Trades we took today -
> Bought BankNifty 37000 CE at 230 which we booked with 40 points loss
> Bought BankNifty 36800 CE at 300 which we booked with 50 points loss
> Bought BankNifty 37100 PE at 320 which we booked at the cost
> Bought BankNifty 36800 CE at 280 which made a high around 350 and Traders booked profit in this Trade
Overall, not a Good day BankNifty Option Buyers.
Tomorrow, If BankNifty opens with Gap-down be cautious as we can see an expiry short-covering move.
Expectations for Tomorrow: Range-bound day, Volatilatily after 1:00 PM.
Intraday Levels:
Buy Above 37050
Sell Below 36750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 37000 CE at 230 which we booked with 40 points loss
> Bought BankNifty 36800 CE at 300 which we booked with 50 points loss
> Bought BankNifty 37100 PE at 320 which we booked at the cost
> Bought BankNifty 36800 CE at 280 which made a high around 350 and Traders booked profit in this Trade
Overall, not a Good day BankNifty Option Buyers.
Tomorrow, If BankNifty opens with Gap-down be cautious as we can see an expiry short-covering move.
Expectations for Tomorrow: Range-bound day, Volatilatily after 1:00 PM.
Intraday Levels:
Buy Above 37050
Sell Below 36750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade fermée: cible de profit atteinte
Sell Trade Triggered, All Targets Done.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
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.
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.