Nifty Intraday Trade Setup | 31st December 2021

Nifty opened flat today, went down to our Sell Level 17150, and bounced back strongly from lower levels. Nifty was still trading in the same range throughout the day.

Trades we took Today:

> Bought Nifty 17350 PE 6th Jan at 185 in which we booked 20 points profit
> Bought Nifty 17350 PE 6th Jan again at 185 which we booked at a cost due to choppy movement

Another choppy day for Nifty Option Buyers.

Nifty is trading in a small range for the last 3 sessions, we would see a trending move once Nifty breaks the Buy or Sell Level.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17300
Sell Below - 17150

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

Happy Trading!
InvestPro India Team

Commento:

Buy Trade Triggered, 1st and 2nd Targets Done.