Nifty Intraday Trade Setup | 18th April

Apr 17, 2022

Nifty opened with a gap-up near 17600 and after making a high at 17663 we saw rejection and Nifty closed near day low 17475.

Trades we took today -

> Bought Nifty 17500 CE at 140, it went above our 1st Target of 160 and Traders booked profit
> Bought Nifty 17750 PE at 112, it went above our Last Target of 142 and Traders booked profit
> Bought Nifty 17700 PE at 130, it went above our Last Target of 166 and Traders booked profit
> Bought Nifty 17700 PE again at 140, it went above our Last Target of 178 and Traders booked profit
> Bought Nifty 17400 CE at 130 which we booked with 20 points loss
> Bought Nifty 17500 CE 21st April at 155 which we booked around cost due to slow movement

Overall, Nifty Option Buyers made a good profit on the Expiry day.

Tomorrow, if the Nifty sustains below 17440, a fast down move is expected.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17600
Sell Below - 17440

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

Happy Trading!
InvestPro India Team