Nifty Expiry Trade Setup | 6th January 2022
Updated
Nifty opened a flat and after consolidation in the morning, Nifty broke our Buy level 17830 and again we saw a good positive day.
Trades we took Today:
> Bought Nifty 17650 CE at 175 which we booked at the cost
> Bought Nifty 18050 PE at 220 which we booked with 15 points profit
> Bought Nifty 18000 PE at 205 which we booked with 25 points loss
> Bought Nifty 17700 CE at 150 which made a high above our last Target 204 and Traders booked great profit in this Trade
> Bought Nifty 17750 CE at 170 which made a high above our last Target 216 but few Traders booked profit in this Trade
> Bought Nifty 18050 PE at 130 which went above our 2nd Target 160 and Traders booked good profit in this Trade
Overall, it was a great day for Option Buyers.
If Nifty sustains above 17940 tomorrow, we may see another follow-up upmove but 18000 would act as psychological resistance so don't go for bigger profits.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:25 PM.
Intraday Levels:
Buy Above - 17940
Sell Below - 17870
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17650 CE at 175 which we booked at the cost
> Bought Nifty 18050 PE at 220 which we booked with 15 points profit
> Bought Nifty 18000 PE at 205 which we booked with 25 points loss
> Bought Nifty 17700 CE at 150 which made a high above our last Target 204 and Traders booked great profit in this Trade
> Bought Nifty 17750 CE at 170 which made a high above our last Target 216 but few Traders booked profit in this Trade
> Bought Nifty 18050 PE at 130 which went above our 2nd Target 160 and Traders booked good profit in this Trade
Overall, it was a great day for Option Buyers.
If Nifty sustains above 17940 tomorrow, we may see another follow-up upmove but 18000 would act as psychological resistance so don't go for bigger profits.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:25 PM.
Intraday Levels:
Buy Above - 17940
Sell Below - 17870
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed manually
Gap-down opening, no trade as per set-up.
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