BankNifty Intraday Trade Setup | 11th April

BankNifty opened with a gap-up around 37640 and was trading in the 400 - 450 points range for the whole day where the high was around 378880 and low was 34400.

Trades we took today -

> Bought BankNifty 37600 PE at 460 which we booked with a small profit of 40 points
> Bought BankNifty 37400 PE at 370, it made a high above our 2nd Target of 430 and Traders booked profit
> Bought BankNifty 37800 CE at 420, it made a high above our 1st Target of 470 and Traders booked profit
> Bought BankNifty 37600 PE at 380 which we booked with 25 points loss

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

Tomorrow if BankNifty breaks 38000 on the upside, an upmove towards 38200 and above is expected.

Expectations for Tomorrow: Volatile Day

Intraday Levels:
Buy Above 38000
Sell Below 37600

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

Happy Trading!
InvestPro India Team