Nifty Expiry Trade Setup | 11th November 2021

Nifty opened with Gap-down below our Sell level of 17980 and we saw a further fall of around 50 points in the morning. Nifty took support near its support zone of 17900 and we saw a good recovery from morning lows.

Trades we took Today:

> Bought Nifty 17850 CE at 135 which we booked with 15 points profit
> Bought Nifty 18050 PE at 120 which made a high around 140 and Traders booked good profit in this Trade

We took only 2 trades in Nifty as BankNifty gave great opportunity and booked profit in 5 Options Trades.

Tomorrow, if Nifty breaks 17980 on the downside we again can see a fall towards the 17900-17920 zone.

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

Intraday Levels:
Buy Above - 18050
Sell Below - 17980

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

Happy Trading!
InvestPro India Team