Nifty Expiry Trade Setup | 16th December 2021

Nifty opened flat and we saw selling at open towards 17200 zones where Nifty took to support and shown good recovery of more than 100 points but couldn't sustain at higher levels and we saw sharp selling in last 30 mins.

Trades we took Today:

> Bought Nifty 17150 CE at 165 which we booked with 5 points loss
> Bought Nifty 17300 PE at 95 which made a high above 125 and Traders booked great profit in this Trade
> Bought Nifty 17150 CE at 145 which we booked with 20 points loss
> Bought Nifty 17200 CE again at 120 which made a high around 160 and Traders booked good profit in this Trade

Overall, it was an average day for Nifty Option Buyers.

Tomorrow, if Nifty breaks 17190 we may see a sharp fall.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.

Intraday Levels:
Buy Above - 17270
Sell Below - 17190

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered and 1st Target Done.