InvestPro_India

Nifty Expiry Trade Setup | 21st October 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened flat today near 18450 level and we saw a sell-off in the morning, Nifty took support near 18320 and rebound towards the 18450 zones again but couldn't sustain.

Trades we took Today:

> Bought Nifty 18350 CE at 120 which we booked at 105 with 15 points loss.
> Bought Nifty 18500 PE at 135 which we booked at 115 with 20 points loss.

Overall today was a bad day for Option Buyers.

Tomorrow, we can see a down-move if Nifty breaks and sustains below the 18200 level.

Expectations for Tomorrow: Range-bound day, volatility after 1:00.

Intraday Levels:
Buy Above - 18300
Sell Below - 18200

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.