InvestPro_India

Nifty Intraday Trade Setup | 23rd November 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-up near our Buying level 17800 and we saw sharp selling at open due to Reliance Aramco news and Nifty broke its important support zone 17600.

Trades we took Today:

> Bought Nifty 17700 PE at 135 which made a high above 300 and Traders booked great profit in this Trade
> Bought Nifty 17600 CE at 165 which we booked with 15 points loss
> Bought Nifty 17550 PE at 180 which made a high above 290 and Traders booked great profit in this Trade

Overall Great Day for Nifty Option Buyers.

Tomorrow, we can see an upmove if Nifty sustains above 17520.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above - 17520
Sell Below - 17370

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.