Long
NIFTY 24350 CE NOV EXP ABOVE 60 LOOKS A GOOD BUY
NIFTY 24350 CE NOV MONTH EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The Nifty showed a strong bounce from lower levels yesterday. Today, if the Nifty 24350 CE sustains above 60, it presents a potential buying opportunity.
Alternatively, if it faces resistance around 60, retraces lower, and reverses between the 40 and 20 support levels, a buying opportunity can also be considered.
The upside targets are 90 and 140, with a stop-loss set at 40 for trade initiated at this level.
Regards,
OptionsDaddy Research Team
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The Nifty showed a strong bounce from lower levels yesterday. Today, if the Nifty 24350 CE sustains above 60, it presents a potential buying opportunity.
Alternatively, if it faces resistance around 60, retraces lower, and reverses between the 40 and 20 support levels, a buying opportunity can also be considered.
The upside targets are 90 and 140, with a stop-loss set at 40 for trade initiated at this level.
Regards,
OptionsDaddy Research Team
Note
Trade will be active above 60, or monitor for a potential reversal in the range of 20 to 25.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.