Nifty Intraday Trade Setup | 4th Feb

Feb 3, 2022

Nifty opened with a minor Gap-down around 17775, we saw a big rejection near to 17800 zones and there was selling in Nifty since open.

Trades we took Today:

> Bought Nifty 17550 CE at 173 which we booked with 18 points loss
> Bought Nifty 17700 PE Feb Expiry at 275 which made a high above our first Target 300 and Traders booked great profit
> Bought Nifty 17500 CE at 162 which we booked around the cost
> Bought Nifty 17700 PE Feb Expiry at 310 which made a high above our last Target 380 and Traders booked great profit.

Overall, a great day for Nifty Option Buyers.

Tomorrow, if Nifty sustains below 17500 we may see a fall towards the 17400 - 17380 zone.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above - 17650
Sell Below - 17500

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

Happy Trading!
InvestPro India Team

Feb 6, 2022

Trade closed: target reached

Sell trade triggered, 1st Target done.