Nifty Intraday Trade Setup | 22nd Feb

Nifty opened with a gap-down below yesterday day and we saw a great selling in the morning towards 17070. Nifty showed a good upmove of almost 300 points but again faced rejection near 17350.

Trades we took Today:

> Bought Nifty 17200 PE at 170, It made high above our Last Target 214 and Traders booked great profit
> Bought Nifty 17200 PE again at 210 which we booked with 20 points loss
> Bought Nifty 17500 PE at 255, It made high above our 1st Target 280 and Traders booked profit
> Bought Nifty 17500 PE again at 290, It made high above our Last Target 350 and Traders booked profit

Overall, a great day for Nifty Option Buyers.

Tomorrow, if Nifty sustains below 17180, we may see a fast down move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17300
Sell Below - 17180

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

Happy Trading!
InvestPro India Team

Comment:

Gap-down opening, no trade as per set-up.