BankNifty Intraday Trade Setup | 10th November

9 nov. 2021

BankNifty opened flat and remained in a Range the whole day as per the analysis. Both CE and PE went down due to choppy movement as there was no follow-up trend even on 5 mins Time-Frame.

Trades we took today -

> Bought BankNifty 39500 CE at 300 which we booked with 30 points loss
> Bought BankNifty 39500 CE again at 270 which we also booked with 40 points profit
> Bought BankNifty 39400 PE at 300 which we booked with 45 points loss
> Bought BankNifty 39400 PE again at 300 which we booked with 20-30 points profit

Overall, it was not a good day for BankNifty Option Buyers.

Today's range is important for today, we may see a trending move once BankNifty breaks this range on either side.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 39570
Sell Below 39200

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

Happy Trading!
InvestPro India Team

10 nov. 2021

Note

Sell Trade Triggered around 2:00 PM and 1st and 2nd Target Done.