Nifty Expiry Trade Setup | 30th December 2021

Nifty opened flat, went down towards 17180 in the morning and we saw a good recovery from lower levels but Nifty couldn't sustain at upper levels too. Nifty was trading in a range throughout the day.

Trades we took Today:

> Bought Nifty 17450 PE at 210 which we booked with 20 points profit
> Bought Nifty 17050 CE at 215 which made a high above 245 and Traders booked good profit in this Trade
> Bought Nifty 17500 PE at 230 which made a high above 280 and Traders booked great profit in this Trade
> Bought Nifty 17000 CE 6th Jan at 315 which we booked with a small profit due to choppy movement

Overall, It was a choppy day but Nifty Option Buyers made a good profit.

Nifty is trading in a small range for the last 2 sessions, we would see a trending move once Nifty breaks the Buy or Sell Level.

Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.

Intraday Levels:
Buy Above - 17300
Sell Below - 17150

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

Happy Trading!
InvestPro India Team

Comment:

No Trade as per Set-up.