Nifty Intraday Trade Setup | 22nd March

Nifty opened with a Gap-up at 17330 and faced resistance around 17350 zones, we saw sharp selling in the morning session and after holding 17200 for some time but then we saw a breakdown and Nifty made a low at 17096.

Trades we took today -

> Bought Nifty 17400 PE at 230, it went above to our Last Target 280 and Traders booked profit
> Bought Nifty 17350 PE at 235, we added more at 215 which we booked around 235 due to slow movement
> Bought Nifty 17200 CE at 168, it went above to our 1st Target 188 and Traders booked profit

Overall a good day and Nifty Option Buyers booked profit.

Tomorrow, if Nifty sustains below 17090, we may see another down-move.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above - 17200
Sell Below - 17090

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

Happy Trading!
InvestPro India Team

Trade chiuso: obiettivo raggiunto:

Both Sell and Buy Trade Triggered and All Tragets Done.