Nifty Expiry Trade Setup | 3rd November 2021

Nifty opened with Gap-up and we saw an upmove in the morning but it faced resistance near the 18000 zone which was a psychological level to break and Nifty was trading in a range for the entire day.

Trades we took Today:

> Bought Nifty 17850 CE at 150 which we booked at 135 with 15 points loss
> Bought Nifty 18050 PE at 170 which we booked with 5 points loss at 165

Overall Nifty was in a Narrow Range throughout the day, Not a Good day for Nifty Options Trades.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.

Intraday Levels:
Buy Above - 17960
Sell Below - 17850

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

Happy Trading!
InvestPro India Team

Comment:

Volatality after 1:00 as per analysis, We booked great profits today in Nifty Options.