Nifty - Expiry Day trading Ideas

NSE:NIFTY   Nifty 50 Index
🔰 Educational Purpose
Date- 26-08-2021

Too much volatile session, SL hunting day for retailers .
Market taken resistance at Higher level again.

🔰 Intraday View:-

♻️ Flat Opening
-Try to find Put buying opportunity near 16660-16680 if opens flat and climb further till level.
Strict SL of 30 points or any 15min closing above 16710 whichever suits you as per your trade.
-If comes down after opening then take trade as per price action (Try to take trade in second session for more confirmation) so we will get clear levels of market.

♻️ Gap Up-above 16660
-if it try to touch upper levels which is 16680-16690 after immedate opening then you can take risky trade of Put with Strict 16715 SL of next expiry.
-If immediate comes down then try to find buying opprtunity near 16635 with todays low SL 16615.
Tgt 16660 to 16680

-Put strict SL loss.
-Monthly and Weekly expiry day, take trades in next expiry only.
-Avoid gapdown scenario


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.