InvestPro_India

Nifty Intraday Trade Setup | 17th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened with a Gap-up due to weak global cues and we saw selling at open. Nifty made low around 18120 zones and we saw a good recovery in the second half.

Trades we took Today:

> Bought Nifty 18300 PE at 200 which we booked with 20 points loss
> Bought Nifty 18100 CE at 205 which we booked with 7 points loss
> Bought Nifty 18150 CE at 175 and it went above our last Target 220 and Traders booked good profit in this Trade

Overall, Nifty Option Buyers booked some profit in the second half.

Nifty trying to break 18270-18280 zones since the last 2 sessions, tomorrow we can see a good up-move above 18280.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 18280
Sell Below - 18200

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.

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