Long
Updated

NIFTY 24300 PE NOV EXP ABOVE 80 LOOKS A GOOD BUY

83
NIFTY 24300 PE NOV MONTH EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS

Hi Traders,

The Nifty has been showing selling pressure at higher levels over the last 2-3 sessions. Today, if the Nifty 24300 PE sustains above 80 or reverses around 50, a buying opportunity can be considered.

The upside targets are 120 and 180, with a stop-loss set at 50 for trades initiated at this level.

Regards,
OptionsDaddy Research Team
Trade active
If it reverses from 50, the initial target range will be 75-80.
Note
Trade active.
Trade closed: target reached
Reversed from 50 and made a high @ 190. Great profit.

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.