Nifty Intraday Trade Setup | 22nd July 2021

Nifty opened with a big gap-down and went up to 15825 zones where it faced rejection. We suggested buying 15850 PE near 65 in the morning which went 80+ in no time. We also bought 15800 PE around 12 but due to slow movement exit around cost though it went to 33 around 2:45.

Nifty is looking strong and if it sustains above 15840 tomorrow, we may see marked levels, Buyers be cautious in the 15920-15960 zone as we saw a big rejection last time.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 15840
Sell Below - 15770

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Happy Trading!
InvestPro India Team

Comment:

Sorry for the Typo, this analysis is for tomorrow, July 23rd.