Nifty Intraday Trade Setup | 11th April

Nifty opened with a gap-up near 17700 but again faced rejection and made low at 17600. We saw a good bounce from the support zone which took Nifty above 17840.

Trades we took today -

> Bought Nifty 17700 CE at 160 which we booked with 7 points loss
> Bought Nifty 17750 PE at 170, it went above our 2nd Target of 202 and Traders booked profit
> Bought Nifty 17700 PE at 160, it went above our 2nd Target of 185 and Traders booked profit
> Bought Nifty 17700 CE at 130 which we booked with 20 points loss
> Bought Nifty 17650 CE at 135, it went above our Last Target of 172 and Traders booked profit
> Bought Nifty 17800 PE at 155 which we booked with 10 points loss

Overall, a volatile day and Nifty Option buyers were in no profit no loss.

Tomorrow, if the Nifty sustains above 17840, we may see an upmove towards the 17980 - 18000 zone.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17840
Sell Below - 17700

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Happy Trading!
InvestPro India Team

Comment:

Sell Trade Triggered and 1st Target Done.