Nifty Intraday Trade Setup | 11th April

10 thg 4, 2022

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

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

Happy Trading!
InvestPro India Team

11 thg 4, 2022

Ghi chú

Sell Trade Triggered and 1st Target Done.