BankNifty Intraday Trade Setup | 27th April

26 thg 4, 2022

BankNifty opened with a gap-up around 36530 and after making a low near 36600 we saw a range-bound movement throughout the day from 36600 - 36300.

Trades we took on Expiry day, 13th April-

> Bought BankNifty 36600 PE at 330 which we booked at 320 with 10 points loss
> Bought BankNifty 36600 PE again at 330 which we booked at 350 with 20 points profit
> Bought BankNifty 36600 PE again at 350, it made a high above our last Target 360 and Traders booked profit
> Bought BankNifty 36600 PE again at 350, it made a high above our last Target of 445 and Traders booked profit though we asked safe Traders to exit at cost because of the slow movement

Overall BankNifty Option buyers made a profit on a range-bound day.

Tomorrow if BankNifty breaks 36600 on the upside, we can expect a follow-up upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36600
Sell Below 36250

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

Happy Trading!
InvestPro India Team

27 thg 4, 2022

Ghi chú

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