Nifty Intraday Trade Setup | 12th November 2021
Updated
Nifty opened with Gap-down below our Sell level of 17980 and we saw a further fall towards 17820-17830 zone. Nifty again broke the morning low but 17800 acted as good support and we saw a 90-95 points rally in the last hour.
Trades we took Today:
> Bought Nifty 17800 CE at 140, we added more at 130 and booked all at 152. Traders booked profit in this Trade
> Bought Nifty 17900 CE at 25 which made a high around 40 and Traders booked easy 30-50% profit in this Trade
> Bought Nifty 17800 CE again at 70, added more at lower levels and we booked 20 points profit
Overall Good expiry day for Nifty Option Buyers.
Last time, we saw a good bounce from the 17800 zones. If Nifty sustains above 17900, it can again test the 17970 - 18000 zone.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 17900
Sell Below - 17800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17800 CE at 140, we added more at 130 and booked all at 152. Traders booked profit in this Trade
> Bought Nifty 17900 CE at 25 which made a high around 40 and Traders booked easy 30-50% profit in this Trade
> Bought Nifty 17800 CE again at 70, added more at lower levels and we booked 20 points profit
Overall Good expiry day for Nifty Option Buyers.
Last time, we saw a good bounce from the 17800 zones. If Nifty sustains above 17900, it can again test the 17970 - 18000 zone.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 17900
Sell Below - 17800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Buy Trade Triggered and All Targets are Done.
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