BankNifty Expiry Trade Setup | 31st March

30 мар. 2022 г.

BankNifty opened with a gap-up near 36200 and after making a low around 36070 we saw an upmove which took BankNifty above 36400 but due to slow momentum, there were not many opportunities for Option Buyers.

Trades we took today -

> Bought BankNifty 36100 CE at 300, it made a high above our 1st Target 340 and Traders booked profit
> Bought BankNifty 36300 PE at 300 which we booked with 50 points loss
> Bought BankNifty 36100 CE at 340, it made a high above our 1st Target 390 and Traders booked profit

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

Tomorrow if BankNifty sustains above 36450, we may see another upmove.

Expectations for Tomorrow: Range-bound movement, Volatality after 1:25 pm.

Intraday Levels:
Buy Above 36450
Sell Below 35950

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

Happy Trading!
InvestPro India Team

31 мар. 2022 г.

Заметка

Choppy Day, Buy Trade Triggered and price went close to 1st Target.