BankNifty Expiry Trade Setup | 21st October
BankNifty opened flat at 39600 level and we saw a sell-off in the morning, BankNifty took support at 39300 in the morning and we saw good up-move from that zone.
Trades we took Today:
> Bought BankNifty 39500 CE at 250 which we booked with 20 points loss at 230.
> Bought BankNifty 39600 PE at 320 which we booked with 50 points loss at 270.
Overall, bad day for Options Traders.
BankNifty is looking stronger than Nifty and we can see a short-covering move if BankNifty breaks and sustain above the yellow falling line.
Expectations for Tomorrow: Range-bound day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above 39600
Sell Below 39300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought BankNifty 39500 CE at 250 which we booked with 20 points loss at 230.
> Bought BankNifty 39600 PE at 320 which we booked with 50 points loss at 270.
Overall, bad day for Options Traders.
BankNifty is looking stronger than Nifty and we can see a short-covering move if BankNifty breaks and sustain above the yellow falling line.
Expectations for Tomorrow: Range-bound day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above 39600
Sell Below 39300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.