Nifty Expiry Trade Setup | 21st April

Nifty opened with a gap-up around 17050 and after making a low near 16980 we saw a bounce and Nifty made a high at 17156. We again saw selling from higher levels and the Nifty was trading in a range.

Trades we took today -

> Bought Nifty 17100 PE at 155 which we booked with 15 points loss
> Bought Nifty 16950 CE at 145, it went above our Last Target of 196 and Traders booked profit
> Bought Nifty 17150 PE at 105, it went above our 2nd Target of 122 and Traders booked profit
> Bought Nifty 16950 CE at 195 which we booked with 20 points loss
> Bought Nifty 17200 PE at 120, it went above our 3rd Target of 160 and Traders booked profit

Overall, it was a volatile day and Nifty Option Buyers booked some profit.

Tomorrow, if the Nifty sustains above 17200, an upmove towards 17300 is expected.

Expectations for Tomorrow: Range-bound movement, volatility after 1:00.

Intraday Levels:
Buy Above - 17200
Sell Below - 17050

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered, All Targets Done.