Nifty Expiry Trade Setup | 13th April

Apr 12, 2022

Nifty opened with a gap-down near 17590 and Nifty made a low below 17450 which acted as a support zone and we saw 150 points bounce from lower levels.

Trades we took today -

> Bought Nifty 17700 PE at 160, it went above our 3rd Target of 194 and Traders booked profit
> Bought Nifty 17450 CE at 120 which we booked with 20 points loss
> Bought Nifty 17650 PE at 170 which we booked with 20 points loss

Overall, it was a range-bound market and not a good day for Nifty Option Buyers.

Tomorrow, if the Nifty sustains above 17600, we may see an up-move.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:30.

Intraday Levels:
Buy Above - 17600
Sell Below - 17450

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

Happy Trading!
InvestPro India Team

Apr 17, 2022

Order cancelled

No Trade as per Set-up.