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Nifty Expiry Trade Setup | 21st July 2021

Nifty 50 Index (NSE:NIFTY)  
InvestPro_India Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns NIFTY nifty50 niftyanalysis niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoptionstrategy
24
10
trendanalysis chartpattern nifty nifty50 niftyanalysis niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoptionstrategy
Nifty opened with a gap-down, broken our Sell level which was 15700 and we saw a sharp selling towards 15580 zones. We saw a bounce towards 15680 but couldn't sustain it at the upper level and we again came towards 15630-15620 zone. We bought 15600 CE at bounce and 15800 PE near 15680 resistance and booked great profit in both trades.

Expectations for Tomorrow: Range-bound day, Volatility after 1:30 PM.

Intraday Levels:
Buy Above - 15680
Sell Below - 15580

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

Happy Trading!
InvestPro India Team
Comment:
We saw rejection last time in the 15835-15845 zone.... CE buyers are cautious.

ITM PE can also be bought in this zone.

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