BankNifty Expiry Trade Setup | 10th March
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BankNifty opened with a gap-up around 33250 and we saw some weakness in the morning session which brought BankNifty towards 32950 zones but we saw a great upmove after consolidation and BankNifty made high at 33969.
Trades we took today -
> Bought BankNifty 33400 CE at 320 which we booked with a small profit at 355
> Bought BankNifty 33600 CE at 250 which we booked with 40 points loss
> Bought BankNifty 34000 CE at 210 which we booked with 30 points loss
> Bought BankNifty 33800 CE at 260, it went above to our Last Target 345 and Traders booked great profit
Initially, it was a choppy session and Traders booked a small profit in BankNifty though Nifty gave a clear rally today.
Tomorrow if BankNifty sustain above 33950, we may see a follow-up upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 33950
Sell Below 33500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 33400 CE at 320 which we booked with a small profit at 355
> Bought BankNifty 33600 CE at 250 which we booked with 40 points loss
> Bought BankNifty 34000 CE at 210 which we booked with 30 points loss
> Bought BankNifty 33800 CE at 260, it went above to our Last Target 345 and Traders booked great profit
Initially, it was a choppy session and Traders booked a small profit in BankNifty though Nifty gave a clear rally today.
Tomorrow if BankNifty sustain above 33950, we may see a follow-up upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 33950
Sell Below 33500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
Big Gap-up opening, no trade as per set-up.
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