Nifty Intraday Trade Setup | 11th Feb

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Nifty opened with a Gap-up, we saw some selling in the morning Nifty came down near 17430. We saw a great upmove after RBI Policy and Nifty made high around 17640.

Trades we took Today:

> Bought Nifty 17300 CE at 195 which we booked with 15 points loss
> Bought Nifty 17650 PE at 180, it made high at above our 2nd Target 212 and Traders booked profit
> Bought Nifty 17650 PE at 50 which we booked with a small profit of around 70 due to slow movement

After the morning movement, Nifty was trading in a small range. Nifty Option Buyers booked small profit.

Tomorrow, if Nifty sustains above 17640, we may see an up-move.

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 17640
Sell Below - 17550

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

Happy Trading!
InvestPro India Team
Anmerkung
Big gap-down, No Trade as per Set-up.
Chart PatternsTechnical IndicatorsNIFTYnifty50niftyanalysisniftyintradayniftyintradaylevelsniftyintradaysetupniftyintradaytradesetupniftylevelsniftytradesetup

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
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