Nifty Intraday Trade Setup | 6th April

Apr 5, 2022

Nifty opened with a gap-up at 18089 and we saw selling at open which brought Nifty to 17960, it was also our sell level and Nifty took to support and made another high but couldn't sustain at higher levels.

Trades we took today -

> Bought Nifty 18050 CE 13th April at 190, it came below our SL 160 but we updated to hold the position and it gave 30 points profit.
> Bought Nifty 17950 CE at 135 which we booked with 10 points loss

Movement in BN was more clear hence we took only 2 trades in Nifty. Overall not a good day for Nifty Option Buyers.

Tomorrow, if the Nifty sustains below 17900, we may see a downmove.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 18030
Sell Below - 17900

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

Happy Trading!
InvestPro India Team

Apr 6, 2022

Trade closed: target reached

Sell Trade Triggered, All Targets Done.