InvestPro_India

Nifty Expiry Trade Setup | 25th November 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-down around our Buying level of 17550 and we saw an upmove through Banks were strong and took Nifty up. In the second half, we saw selling, and once Nifty broke psychological level 17500 the momentum got increased.

Trades we took Today:

> Bought Nifty 17400 CE at 160 which made a high around 220 and Traders booked great profit in this Trade
> Bought Nifty 17400 CE 2ND Dec at 235 which we booked with 25 points profit due to slow movement
> Bought Nifty 17500 CE 2ND Dec at 175 which we booked with 25 points profit
> Bought Nifty 17500 CE Dec Expiry 345 which we booked with 20 points loss and changed the position
> Bought Nifty 17600 PE Dec Expiry 320 which made a high at 415, we booked some at 380-400 and carried some position

Overall Great Day for Nifty Option Buyers.

Tomorrow, we can see another down move if Nifty sustains above 17350 but Trade with caution as we can see high volatility due to weekly and monthly expiry.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17450
Sell Below - 17350

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

Happy Trading!
InvestPro India Team
Comment: Buy Trade Triggered and All Targets Done.

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.