Nifty Intraday Trade Setup | 12th November 2021

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

Trade closed: target reached:

Buy Trade Triggered and All Targets are Done.