BankNifty Intraday Trade Setup | 5th October
BankNifty opened with gap-up and took support around our Buy level 37350 and made a high of 37670. As per our analysis, it was a trending day with a bullish bias.
Trades we took Today:
> Bought BankNifty 37500 CE at 340 which made a high around 419 and Traders booked great profit in this trade.
> Bought BankNifty 37600 CE at 285 which went to above 339 and Traders booked great profit in this trade.
> Bought BankNifty 37700 PE at 360 and we exit at a cost in that trade.
Overall we booked good profit in such range-bound market.
For tomorrow, we may see a good upmove if BankNifty sustains above 37680 in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37680
Sell Below 37470
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought BankNifty 37500 CE at 340 which made a high around 419 and Traders booked great profit in this trade.
> Bought BankNifty 37600 CE at 285 which went to above 339 and Traders booked great profit in this trade.
> Bought BankNifty 37700 PE at 360 and we exit at a cost in that trade.
Overall we booked good profit in such range-bound market.
For tomorrow, we may see a good upmove if BankNifty sustains above 37680 in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37680
Sell Below 37470
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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