Nifty Nifty Trade Setup | 8th April

Apr 7, 2022

Nifty opened with a gap-down near 17750 and after forming a low around 17670 we saw more than 100 points recovery but Nifty again faced rejection near 17790.

Trades we took today -

> Bought Nifty 17900 PE at 170, it went above our Last Target of 220 and Traders booked profit
> Bought Nifty 17850 PE at 130, it went above our Last Target of 164 and Traders booked profit
> Bought Nifty 17850 PE again at 95, it went above our 1st Target of 110 and Traders booked profit
> Bought Nifty 17850 PE again at 85, added more at 78 and it went above our 1st Target of 100 and Traders booked profit

Overall, great day and Nifty Option Buyers booked profit.

Tomorrow, if the Nifty sustains below 17620, a further down move is expected.

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 17700
Sell Below - 17620

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

Happy Trading!
InvestPro India Team

Apr 10, 2022

Trade closed: target reached

Buy Trade Triggered and All Targets Done.