Nifty Expiry Trade Setup | 18th November 2021
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Nifty opened flat around 17944, Nifty took support from 17900 zones in the morning and we saw a good rally from lower levels but Nifty again faced rejection at 18000 zones and lost all the gains in the second half.
Trades we took Today:
> Bought Nifty 17850 CE at 120 which made a high around 200 and Traders booked great profit in this Trade
> Bought Nifty 18100 PE at 145 which we booked with 20 points loss
> Bought Nifty 18100 PE again at 140 which made a high around 185 and Traders booked good profit in this Trade
Overall Great day for Nifty Option Buyers.
Tomorrow Nifty may see further downfall if it breaks 17880 but we can also see a short-covering rally due to Weekly Expiry so Trade cautiously.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above - 17940
Sell Below - 17880
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17850 CE at 120 which made a high around 200 and Traders booked great profit in this Trade
> Bought Nifty 18100 PE at 145 which we booked with 20 points loss
> Bought Nifty 18100 PE again at 140 which made a high around 185 and Traders booked good profit in this Trade
Overall Great day for Nifty Option Buyers.
Tomorrow Nifty may see further downfall if it breaks 17880 but we can also see a short-covering rally due to Weekly Expiry so Trade cautiously.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above - 17940
Sell Below - 17880
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Sell Trade Triggered and All Targets done.
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Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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