Nifty Intraday Trade Setup | 29th March

Nifty opened with a small Gap-up near 17200 which was resistance and we sharp fall at the open which brought Nifty towards 17000 zones but that acted as strong support as we updated in group and Nifty went above 17230.

Trades we took today -

> Bought Nifty 17200 CE at 140 which we booked with 8 points loss
> Bought Nifty 17150 CE at 135 which we booked with 20 points loss
> Bought Nifty 17200 CE 7th April at 215, it went above our last Target 280 and Traders booked profit
> Bought Nifty 17350 PE at 210, it went above our 3rd Target 250 and Traders booked profit
> Bought Nifty 17150 CE at 205 which we booked with 20 points loss
> Bought Nifty 17250 PE at 175 which we booked with 20 points loss

Overall, it was a bad dau for Nifty Option Buyers.

Tomorrow, if the Nifty sustains above 17240, we may another upmove.

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 17240
Sell Below - 17140

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

Happy Trading!
InvestPro India Team