Nifty Intraday Trade Setup | 7th December 2021
Updated
Nifty opened flat and we saw selling at open, after choppy movement Nifty gave a breakdown and closed near day low.
Trades we took Today:
> Bought Nifty 17300 PE at 190 which we made a high around 400 but we booked early due to choppy movement
> Bought Nifty 17150 CE at 160 which we booked with 20 points loss
> Bought Nifty 16th Dec 17100 PE at 205 which we booked at a cost due to choppy movement
Overall, not a Good day for Nifty Option Buyers.
If Nifty sustains below 16890 tomorrow, we can see a follow-up selling but 16800 is a support zone so book profits early.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 17000
Sell Below - 16890
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17300 PE at 190 which we made a high around 400 but we booked early due to choppy movement
> Bought Nifty 17150 CE at 160 which we booked with 20 points loss
> Bought Nifty 16th Dec 17100 PE at 205 which we booked at a cost due to choppy movement
Overall, not a Good day for Nifty Option Buyers.
If Nifty sustains below 16890 tomorrow, we can see a follow-up selling but 16800 is a support zone so book profits early.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 17000
Sell Below - 16890
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 All Targets Done.
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Whatsapp @8287021744
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
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