Nifty Intraday Trade Setup | 10th January 2022

Nifty opened with a Gap-up above our Buy level 17800 and we saw good upmove in the morning towards the 17900 zones. That was a resistance zone, we took a short position at the top and booked at 17720.

Trades we took Today:

> Bought Nifty 17900 PE at 175 which we booked with 20 points loss
> Bought Nifty 17900 PE Jan Expiry at 265 and added more at 240 which made a high around 350 and Traders booked great profit in this Trade

Overall, it was a great day for Nifty Option Buyers.

Tomorrow, we can see a down-move once Nifty breaks the yellow support line on the downside.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17850
Sell Below - 17770

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

Happy Trading!
InvestPro India Team

Comment:

Gap-up opening, No trade as per set-up.