BankNifty Intraday Trade Setup | 19th April

18 Nis 2022

BankNifty opened with a big gap-down around 36580 and after making a high near 36970 we saw selling pressure and BankNifty made a low around 36440 which acted as support for the day.

Trades we took on Expiry day, 13th April-

> Bought BankNifty 36800 PE at 350, it made a high above our Last Target of 445 and Traders booked profit
> Bought BankNifty 37000 CE at 350 which we booked with a small profit at 390
> Bought BankNifty 36800 PE again at 310, it made a high above our Last Target of 420 and Traders booked profit
> Bought BankNifty 36800 PE again at 370 which we booked with a small loss at 335

Overall BankNifty Option buyers made a profit on a choppy day.

Tomorrow if BankNifty breaks 37000 on the upside, we can expect an upmove towards 37300 - 37400 zones.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 37000
Sell Below 36640

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

Happy Trading!
InvestPro India Team