Nifty opened with a small Gap-up around 16650 and after making a low around 16600 we saw a good rally towards 16880 zones and Nifty closed near day high.
Trades we took today -
> Bought Nifty 16700 PE at 215, it went above to our 1st Target 235 and Traders booked profit
> Bought Nifty 16700 PE at 175 which we booked with 20 points loss
As BankNifty was looking stronger we did take only 2 Trades in Nifty.
Tomorrow, if Nifty sustains above 16900, we may see another upmove but be cautious near 17000 as it is s psychological resistance.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 16900
Sell Below - 16760
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 16700 PE at 215, it went above to our 1st Target 235 and Traders booked profit
> Bought Nifty 16700 PE at 175 which we booked with 20 points loss
As BankNifty was looking stronger we did take only 2 Trades in Nifty.
Tomorrow, if Nifty sustains above 16900, we may see another upmove but be cautious near 17000 as it is s psychological resistance.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 16900
Sell Below - 16760
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Sell Trade Triggered and All Targets Done.
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We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.