InvestPro_India

Nifty Intraday Trade Setup | 16th November 2021

NSE:NIFTY   Nifty 50 Index
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
Comment:
Sell Trade Triggered and 1st Target Done.
Trade closed: target reached:
Made great profit in Nifty PE.

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