daerontrading

Nifty Trade Setup for 18.08.2022 with intraday levels

NSE:NIFTY   ดัชนี Nifty 50
Keep an eye on SGX nifty as global markets are reacting to the worse than expected inflation data from UK. Nifty is likely to open around SGX nifty levels
Fresh long position will come only above 17945. It is likely that in an even of a gap down buying will come at some point

Conviction bullish
Bias bearish

Trading Ideas

Long above 17945 Target 18000+
Short below 17830 Target 17800-700

>>Option buying (take next expiry options)

Long Position: Buy 18000 CE
Short position: Buy 17700 PE

>>Option Selling

Sell 17700 PE AND 18200 CE with SL of 15 points

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