InvestPro_India

Nifty Intraday Trade Setup | 14th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened with a small Gap-up around 18258 and we saw selling from higher levels which brought Nifty near to 18160 which was a support zones. Nifty showed a good recovery and close above 18250.

Trades we took Today:

> Bought Nifty 18150 CE at 210 which we booked with 15 points loss
> Bought Nifty 18400 PE at 235 which went above our 2nd Target 265 and Traders booked good profit in this Trade
> Bought Nifty 18400 PE again at 225 and it went above our 3rd Target 256 and Traders booked good profit in this Trade
> Bought Nifty 18150 CE at 190 and carrying for tomorrow

Overall, Nifty Option Buyers booked profit on Range-bound Expiry.

Tomorrow we are expecting a positive session and Nifty may open with a Gap-up .

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 18280
Sell Below - 18200

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

Happy Trading!
InvestPro India Team
Trade closed: target reached: Sell Trade Triggered and 1st Target Done.

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.