Nifty levels, Expiry Day 17/Aug/23

Good Morning Traders.

Yesterday nifty and other indices has done well after opening in gap down. Means buyers are taking every dip. We can assume we have a strong support zone on nifty around 19300. Because it has taken just U turn on chart, as there was a previous support zone at same place. As long as this area getting supported we can see further buying for upside. But as today's global market looking mixed to bearish, let's see how our market going to perform. But yeah if market sustains and start trading above yesterdays high, then we can expect at least 100-150 points recovery till day end.


Important levels for Nifty:-

Buy above 19476, if levels sustains at least for 30 mints.
Targets we can see in upside 19520/19556/19587++
Keep stop loss at 19390

Sale below 19390, if levels sustains at least for 30 mints.
Targets we can see in downside 19348/19293--
Keep stop loss at 19476

Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

Comment:

first target done

Comment:

guy's time has come for hero zero
be ready and go with less qty

as market looks very very bearish from here, we will choose put side hero zero.

buy nifty 19300 put option now at 10 rs.
buy banknifty 43600 pe now at 18 rs.

Comment:

Targets we can see in nifty 18/27/42++
Targets we can see in banknifty 44/72/99/135++

enjoy guy's and hit like button if our targets got hit.
Thankyou i will come in mid to update.
and i will suggest you guy's to hedge the position, by buying any out the money call option. well chances are high banknifty can go towards 43500 levels and nifty 19250 levels. if this is happening our targets should come.

Comment:

Comment:

Guy's again we did not seen any firecracker in indices..no problem we will make some other day.