BankNifty Expiry Trade Setup | 11th November

10 พ.ย. 2021

BankNifty opened with Gap-up near our Sell level, we saw a free fall once BankNifty broke 39200 and BankNifty took support in the 38900 zones.

Trades we took today -

> Bought BankNifty 39200 CE at 190 which we booked with 20 points profit
> Bought BankNifty 39200 PE at 330 which made a high around 450 but only a few Traders could take this trade as the move was fast
> Bought BankNifty 39200 PE again at 320 which made a high around 395 and Traders booked good profit in this Trade
> Bought BankNifty 39000 CE at 250 which made a high above 350 and Traders booked great profit in this Trade
> Bought BankNifty 39300 PE at 250 which made a high above 400 and Traders booked good profit in this Trade

Overall, it was a wonderful day and BankNifty Option Buyers booked profit in all suggested Trades.

Today BankNifty saved 38900 on the downside but if it breaks tomorrow, we can again see 150-300 points fast down move.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.

Intraday Levels:
Buy Above 39200
Sell Below 38900

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

Happy Trading!
InvestPro India Team