BankNifty Expiry Trade Setup | 28th April

27 Nis 2022

BankNifty opened with a gap-down due to weak global cues around 36077 and after making a high near 36180 we saw a fall towards 36760 zones that acted as support for the day and BankNifty was able to close above 36000.

Trades we took on Expiry day, 13th April-

> Bought BankNifty 36000 CE at 300 which we booked at 285 with 15 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target of 415 and Traders booked profit

We took only 2 Trades today and BankNifty Option buyers made a small profit.

Tomorrow if BankNifty breaks 36120 on the upside, we can expect a follow-up upmove.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.

Intraday Levels:
Buy Above 36120
Sell Below 35900

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

Happy Trading!
InvestPro India Team