Nifty Intraday Trade Setup | 25th April

Nifty opened with a gap-down around 17250 and after making a low around 17215 Nifty gave an upmove towards 17310 but again faced resistance and closed at 17172 near the day low.

Trades we took today -

> Bought Nifty 17150 CE at 180, it went above our 1st Target 200 and Traders booked profit
> Bought Nifty 17350 PE at 210 which we booked around the cost
> Bought Nifty 17350 PE at again 210 which we booked with 10 points loss
> Bought Nifty 17300 PE at 200, it went above our 1st Target 220 and Traders booked profit

Overall, it was a range-bound day and Nifty Option Buyers booked a small profit.

Tomorrow, if the Nifty breaks 17100 on the downside, a down move towards 17000 levels is expected.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17250
Sell Below - 17100

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Happy Trading!
InvestPro India Team

Comment:

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