Nifty Intraday Trade Setup | 16th November 2021
Updated
Nifty opened with Gap-up above our Buy Level of 18120 and made a high around 18200 in the first candle which also acted as Resistance and we saw a good decline from that level.
Trades we took Today:
> Bought Nifty 18300 PE at 145 which made a high above 200 and Traders booked great profit in this Trade
> Bought Nifty 18100 CE at 135 which we looked at the cost
> Bought Nifty 18100 CE at 125 gain and added more at 105 which we booked at 132
Overall Good day for Nifty Option Buyers.
Nifty closed above 18100 which is a support zone and we may see a positive opening tomorrow.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 18140
Sell Below - 18070
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 18300 PE at 145 which made a high above 200 and Traders booked great profit in this Trade
> Bought Nifty 18100 CE at 135 which we looked at the cost
> Bought Nifty 18100 CE at 125 gain and added more at 105 which we booked at 132
Overall Good day for Nifty Option Buyers.
Nifty closed above 18100 which is a support zone and we may see a positive opening tomorrow.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 18140
Sell Below - 18070
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
Sell Trade Triggered and 1st Target Done.Trade closed: target reached
Made great profit in Nifty PE.
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Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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