BankNifty Intraday Trade Setup | 20th August

BankNifty opened with a big gap-up due to HDFC Bank news but couldn't sustain at upper levels and we saw a sharp selling on Expiry day. In the morning we bought 36400 PE at 310 which made a high above 900 and we booked great profit in that. We also bought 35800 CE, 36200 PE, and 35700 CE and booked profit in all the Trades. Overall a great expiry for Option Buyers after a long time.

For tomorrow, Movement would be fast on the sell-side so look for the selling opportunity.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 35700
Sell Below 35420

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

Happy Trading!
InvestPro India Team