Nifty Intraday Trade Setup | 31st January 2022

Nifty opened with a Gap-up above our Buy level of 17180 and made high around 17370 in the first half. In the second half, it broke the range on the downside and we saw a fast fall towards 17077.

Trades we took Today:

> Bought Nifty 17200 CE at 280, it made a high above our 3rd Target 335 and Traders booked great profit in this Trade
> Bought Nifty 17200 CE again at 300, it made a high above our 2nd Target 335 and Traders booked good profit in this Trade

Overall, a Great day for Nifty Option Buyers.

Tomorrow, if Nifty sustains below 17080 we may see a down move towards 17000 - 17950 zones.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17185
Sell Below - 17080

To motivate us, 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.