BankNifty Intraday Trade Setup | 21st January 2022

BankNifty opened with a minor gap-up near 38150, we saw selling in the morning and BankNifty broke our selling level 37800 and made a low around 37600.

Trades we took today -

> Bought BankNifty 38300 CE at 390 which went to our 1st Target 430 and Traders booked profit in this Trade
> Bought BankNifty 38000 PE at 410 which went to our 1st Target 470 and Traders booked profit in this Trade
> Bought BankNifty 38300 CE again at 350 which we booked with 30 points loss

As the trend was clear in Nifty we took more trades in Nifty.

Tomorrow, we may see an upmove for 150-250 points if BankNifty sustains above 37950.

Expectations for Tomorrow: Trend day.

Intraday Levels:
Buy Above 37950
Sell Below 37770

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

Happy Trading!
InvestPro India Team

Emir iptal:

Gap-down opening, no trade as per set-up.