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InvestPro_India
Oct 28, 2021 12:35 PM

Nifty Intraday Trade Setup | 29th October 2021 

Nifty 50 IndexNSE

Description

Nifty opened with flat today and we saw sharp selling right after open and it broke the important support zone of 18000 - 17950.

Trades we took Today:

> Bought Nifty 18050 CE at 130 which we booked with 5 points loss
> Bought Nifty 18000 CE at 135 which we booked with 20 points loss
> Bought Nifty 17950 CE at which made high around 164 and Traders booked good profit in this Trade.
> Bought Nifty 17950 CE again at 95 which we booked with 20 points loss

Overall, Bad day for Nifty Option Buyers.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17925
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

Sell Trade Triggered as per set-up and All Targets done.
Comments
consciousDinos56197
as per ur 27 Oct analysis for 28 oct, you predicted right that to sell below 18150. but on 28, your actions are not in line with your own predictions. breaking support and still buting CE without hedging position.
InvestPro_India
@consciousDinos56197, In Nifty our live market analysis went wrong. However, we booked great profit in BN.
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