BankNifty Intraday Trade Setup | 11th October

BankNifty opened with a minor gap-up and due to RBI Policy, we saw some volatility around 10:00 and BankNifty remained in a range.

Trades we took Today:

> Bought BANKNIFTY 37800 PE at 330 which we booked at 360 due to high volatility.
> Bought BANKNIFTY 37900 CE at 280 which we booked with 30 points profit at 310 as BankNifty was Trading in a narrow range.

As today was a choppy day, nothing much for Option Buyers.

BankNifty is trying to break 38000 but we see rejection every time, we can see a trending move only if BankNifty closes above 38150.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 37870
Sell Below 37680

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

Happy Trading!
InvestPro India Team