Nifty Intraday Trade Setup | 1st Feb

Nifty opened with a Gap-up above 17300 and after consolidation in the first half, we saw an upmove towards 17400 zones. The market is waiting for tomorrow's event and again traded in a small range today.

Trades we took Today:

> Bought Nifty 17200 CE at 285, it made a high above our 2nd Target 320 and Traders booked profit in this Trade
> Bought Nifty 17250 PE at 185, it made a high above our 1st Target 210 and Traders booked profit in this Trade
> Bought Nifty 17250 CE at 308, it made a high above our 1st Target 325 and Traders booked profit in this Trade

Overall, a Great day for Nifty Option Buyers.

Tomorrow, if Nifty sustains above 17410 we may see an up move towards 17450 - 17500 zones.

Expectations for Tomorrow: Volatile day, Trending move after 1:00 PM.

Intraday Levels:
Buy Above - 17410
Sell Below - 17290

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, All Targets Done.