Nifty Intraday Trade Setup | 23rd Feb

Feb 22, 2022

Nifty opened with a big gap-down near 17890 and made low at 17843 in the first 15 mins. Nifty took support in the 17850 - 17800 zone which was a strong support zones for Nifty and we saw good 200 points upmove from lower levels.

Trades we took Today:

> Bought Nifty 17500 PE at 360 yesterday which we booked at 600 - 620 range in the morning
> Bought Nifty 16950 PE at 163 which we booked with 20 points loss

Overall, a wonderful day for Nifty Option Buyers and we overachieved our daily target in yesterday's BTST trade.

Tomorrow, if Nifty sustains below 17040, we may see a down move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17150
Sell Below - 17040

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

Happy Trading!
InvestPro India Team

Feb 22, 2022

Note

Correction: Nifty opened with a big gap-down near 16890 and made low at 16843 in the first 15 mins. Nifty took support in the 17850 - 17800 zone which was a strong support zones for Nifty and we saw good 200 points upmove from lower levels.

Feb 23, 2022

Trade closed: target reached

Buy Trade Triggered, 1st Target Done.