BankNifty opened with a big gap-down around 36580 and after making a high near 36970 we saw selling pressure and BankNifty made a low around 36440 which acted as support for the day.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36800 PE at 350, it made a high above our Last Target of 445 and Traders booked profit
> Bought BankNifty 37000 CE at 350 which we booked with a small profit at 390
> Bought BankNifty 36800 PE again at 310, it made a high above our Last Target of 420 and Traders booked profit
> Bought BankNifty 36800 PE again at 370 which we booked with a small loss at 335
Overall BankNifty Option buyers made a profit on a choppy day.
Tomorrow if BankNifty breaks 37000 on the upside, we can expect an upmove towards 37300 - 37400 zones.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37000
Sell Below 36640
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36800 PE at 350, it made a high above our Last Target of 445 and Traders booked profit
> Bought BankNifty 37000 CE at 350 which we booked with a small profit at 390
> Bought BankNifty 36800 PE again at 310, it made a high above our Last Target of 420 and Traders booked profit
> Bought BankNifty 36800 PE again at 370 which we booked with a small loss at 335
Overall BankNifty Option buyers made a profit on a choppy day.
Tomorrow if BankNifty breaks 37000 on the upside, we can expect an upmove towards 37300 - 37400 zones.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37000
Sell Below 36640
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
