Nifty Intraday Trade Setup | 12th April

Apr 11, 2022

Nifty opened with a gap-down near 17750 and made a low near 17650 which was the support zone and then Nifty was trading in the 110-130 points range 17780 - 17650.

Trades we took today -

> Bought Nifty 17900 PE at 205, it went above our Last Target of 246 and Traders booked profit
> Bought Nifty 17650 CE at 130, it went above our Last Target of 174 and Traders booked profit
> Bought Nifty 17650 CE again at 130, it went above our Last Target of 174 and Traders booked profit

Overall, Nifty Option Buyers booked great profit in a range-bound market.

Tomorrow, if the Nifty sustains below 17600, we may see a fast down-move.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above - 17800
Sell Below - 17600

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

Happy Trading!
InvestPro India Team

Apr 12, 2022

Order cancelled

Gap-down opening, No Trade as per set-up.