InvestPro_India

Nifty Intraday Trade Setup | 19th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened with a Gap-up above our Buy Level 18320 and we saw rejection in the morning from 18350 zones. Nifty took support around 18200 and showed recovery towards 18320 but price gained faced the rejection and we saw sharp selling in last hour.

Trades we took Today:

> Bought Nifty 18200 CE at 175 which we booked with 20 points loss
> Bought Nifty 18150 CE at 175 which we booked with 20 points loss
> Bought Nifty 18500 PE at 210 which went above our Last Target 260 and Traders booked profit in this Trade

We took a few trades in Nifty as BN was giving a good move.

Tomorrow, we can see a follow-up downside if Nifty breaks 18080.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 18200
Sell Below - 18080

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

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

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