Nifty Intraday Trade Setup | 29th December 2021

Nifty opened with a Gap-up near 17180 and remained in very short range throughout the day.

Trades we took Today:

> Bought Nifty 17300 PE at 155 which made a high above 175 and Traders booked profit in this Trade
> Bought Nifty 17050 CE at 205 which we booked with 15 points loss
> Bought Nifty 17300 PE again at 150 which we booked with 15 points profit
> Bought Nifty 17000 CE 6th Jan at 330 which we booked at a cost due to choppy movement

Overall, It was a choppy day for Nifty Option Buyers.

Tomorrow, if Nifty sustains above 17250 we may see a follow-up upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17250
Sell Below - 17150

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

Happy Trading!
InvestPro India Team

Comment:

Buy Trade Triggered and Nifty gave 35 points move.