Nifty Intraday Trade Setup | 23rd March

We saw a flat opening in Nifty around 17130 and selling pressure was high in the first half. Nifty made a low at 17010 which acted as major acceptance and Nifty gave a sharp upmove which took Nifty above 17300.

Trades we took today -

> Bought Nifty 17150 PE at 170, it went above to our Last Target 214 and Traders booked profit
> Bought Nifty 17150 CE at 155 which we booked with 10 points loss
> Bought Nifty 17150 CE at 140 which we booked with 10 points loss
> Bought Nifty 17050 CE at 175, it went above to our Last Target 255 and we also Trailed SL and Traders booked great profit.
> Bought Nifty 17200 CE at 180, it went above to our Last Target 224 and Traders booked great profit

Overall wonderful day and Nifty Option Buyers booked profit.

Tomorrow, if Nifty sustains above 17350, we may see another up-move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17350
Sell Below - 17250

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered and 1st Target Done.