Nifty Expiry Trade Setup | 7th April

Apr 6, 2022

Nifty opened with a gap-down near 17850 and after testing the resistance level of 17900 we saw the selling and it was trading in the 100-120 points range for the whole day.

Trades we took today -

> Bought Nifty 17750 CE at 135, it went above our Last Target of 176 and Traders booked profit
> Bought Nifty 18000 PE at 153, it went above our Last Target of 194 and Traders booked profit
> Bought Nifty 18000 PE again at 160, it went above our 3rd Target of 196 and Traders booked profit
> Bought Nifty 18000 PE again at 180, it went above our 2nd Target of 210 and Traders booked profit

Overall, great day and Nifty Option Buyers booked profit in all 4 Trades.

Tomorrow, if the Nifty sustains below 17760, a further down move is expected.

Expectations for Tomorrow: Range-bound day, Volatality after 1:10 PM.

Intraday Levels:
Buy Above - 17840
Sell Below - 17760

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

Happy Trading!
InvestPro India Team

Apr 7, 2022

Trade closed: target reached

Sell Trade Triggered and All Targets Done.