Nifty Expiry Trade Setup | 6th January 2022

NSE:NIFTY   Nifty 50 Index
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
Trade closed manually:
Gap-down opening, no trade as per set-up.

Subscription Plans:

Whatsapp @8287021744

Telegram Channel -

Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.