InvestPro_India

Nifty Intraday Trade Setup | 7th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened with a big Gap-down, we saw further sell-off in the morning and Nifty made a low near 17650 which acted as support and we saw almost 140 points recovery from lower levels.

Trades we took Today:

> Bought Nifty 17700 CE at 210 which we booked with 20 points loss
> Bought Nifty 17800 PE at 180 which went above our Last Target 234 and Traders booked good profit in this Trade
> Bought Nifty 17700 CE at 165 which went above our Last Target 210 and Traders booked good profit in this Trade

Overall, it was a great day for Option Buyers.

Tomorrow if Nifty sustains below 17720, we may see a fast down move in the morning.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17800
Sell Below - 17720

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, 1st & 2nd Targets Done.

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.