Nifty Expiry Trade Setup | 9th December 2021
Updated
Nifty opened with Gap-up above 17300 and we saw slow and upside movement throughout the day.
Trades we took Today:
> Bought Nifty 17300 CE at 120 which we made a high above 170 and Traders booked great profit in this Trade
> Bought Nifty 17300 CE again at 150 which we booked with 30 points loss
> Bought Nifty 17400 PE at 85 which we booked with 15 points loss
> Bought Nifty 17300 CE 16th Dec at 245 which made a high around 280 but we booked early due to choppy movement
Overall, it was an average day for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17500, we can see another upside movement towards 17580-17600 levels but that is a strong resistance zone and we saw rejection multiple times so be cautious.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above - 17500
Sell Below - 17390
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17300 CE at 120 which we made a high above 170 and Traders booked great profit in this Trade
> Bought Nifty 17300 CE again at 150 which we booked with 30 points loss
> Bought Nifty 17400 PE at 85 which we booked with 15 points loss
> Bought Nifty 17300 CE 16th Dec at 245 which made a high around 280 but we booked early due to choppy movement
Overall, it was an average day for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17500, we can see another upside movement towards 17580-17600 levels but that is a strong resistance zone and we saw rejection multiple times so be cautious.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above - 17500
Sell Below - 17390
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: stop reached
Choppy Day, SL Triggered for Sell Trade.
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