InvestPro_India

Nifty Intraday Trade Setup | 27th October 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-up around 18150 and we saw a good up-move in the morning. Nifty faced resistance around 18270 zones and lost all the gains during the Intarady and we saw a sharp recovery after 12:45 and it went above 18300.

Trades we took Today:

> Bought Nifty 18150 CE at 170 which we booked with 20 points profit at 190.
> Bought Nifty 18150 CE again at 120 which we booked with 20 points loss at 100.

Overall, no profit no loss for Nifty Option Buyers today.

For tomorrow, Nifty may give a good up-move above 18300.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 18300
Sell Below - 18190

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.