InvestPro_India

Nifty Intraday Trade Setup | 11th October 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a Gap-up above our Buy level 17850 and remained in 100 points range throughout the day.

Trades we took Today:

> Bought Nifty 17850 CE at 130 which we booked at a cost due to morning volatility .
> Bought Nifty 17800 CE at 145 which made a high around 195 and Traders booked great profit in this Trade.

Overall, we booked a good profit in Nifty Options.

For tomorrow, we can see another up-move if the Nifty sustains above 17950 level but rejection from this zone can also be seen to be cautious.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17950
Sell Below - 17840

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

Happy Trading!
InvestPro India Team

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