InvestPro_India

Nifty Intraday Trade Setup | 5th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened with a minor Gap-up above our Buy Level 17650, first half was all choppy movement but in the last hours it gave a trending move and closed above 17800.

Trades we took Today:

> Bought Nifty 17500 CE at 210 which we booked with 20 points loss
> Bought Nifty 17850 PE at 170 which we booked with 15 points loss

Overall, it was a bad day for Option Buyers.

If Nifty sustains above 17830 tomorrow, we may see another follow-up upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17830
Sell Below - 17720

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

Happy Trading!
InvestPro India Team
Trade closed: target reached: Buy Trade Triggered and All Targets 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.