BankNifty Intraday Trade Setup | 30th March

29 thg 3, 2022

BankNifty opened with a gap-up near 35933 and after a choppy movement in the first half BankNifty formed a low around 35500 and BankNifty gave an upmove of more than 450 points from the day's low.

Trades we took today -

> Bought BankNifty 36000 CE at 350, added more at 300 which we booked at 330 due to slow movement
> Bought BankNifty 35900 PE at 440 which we booked with 50 points loss
> Bought BankNifty 35800 CE at 360, it made a high above our 3rd Target 440 and Traders booked profit
> Bought BankNifty 35800 CE at 320 which we booked with minor profit
> Bought BankNifty 35900 PE at 450, it made a high above our 1st Target 500 and Traders booked profit

Overall, it was a choppy day and BankNifty Option Buyers booked a small profit.

Tomorrow if BankNifty sustains above 36050, we may see another upmove

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36050
Sell Below 35650

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Happy Trading!
InvestPro India Team