TradingView
InvestPro_India
Mar 31, 2022 1:40 PM

Nifty Intraday Trade Setup | 1st April 

Nifty 50 IndexNSE

Description

Nifty opened with a small gap-up at 17522 and after making a low around 17485 Nifty made a high above 17560 but it couldn't sustain at upper levels and we saw selling which bought Nifty near to 17450.

Trades we took today -

> Bought Nifty 17700 PE at 165, it went above our 3rd Target 210 and Traders booked profit
> Bought Nifty 17700 PE at 150, it went above our last Target 200 and Traders booked profit

Due to slow momentum, we took only 2 trades but overall it was a great expiry.

Tomorrow, if the Nifty sustains above 17500, we may have another upmove but 17600 will act as resistance so be cautious.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17500
Sell Below - 17420

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

Happy Trading!
InvestPro India Team
More