Nifty Intraday Trade Setup | 8th October 2021

Oct 7, 2021

Nifty opened with a big gap-up and traded in a range as expected. We saw good selling after 2:00 PM but it saved today's low.

Trades we took Today:

> Bought Nifty 17700 CE at 90 which made a high around 160 and Traders booked great profit in this Trade.
> Bought Nifty 17900 PE at 54 and it gave 100% return and made a high around 111.

Overall, we booked a great profit in today's expiry.

For tomorrow, we can see another up-move if Nifty sustains above 17850 level but some volatility can be there in Banks due to RBI policy so trade with caution.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17850
Sell Below - 17760

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

Happy Trading!
InvestPro India Team

Oct 8, 2021

Trade closed: target reached

Target 1 & 2 Done on Buying Side.