InvestPro_India

Nifty Intraday Trade Setup | 5th October 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-up above our Buying level of 17560 and as per our analysis we saw a Trending day with bullish bias and Nifty made a high around 17750.

Trades we took Today:

> Bought Nifty 17550 CE at 140 which made a high around 238 and Traders booked great profit
> Suggested to Buy Nifty 17600 CE at 145 but it didn't come in our buying range and went up.

Overall, it was a good day for Option buyers.

For tomorrow, we can an up-move if Nifty sustains above 17750 in the morning.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17750
Sell Below - 17640

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.