Nifty Intraday Trade Setup | 4th January 2022

InvestPro_India Updated   
NSE:NIFTY   Nifty 50 Index
Nifty opened with a minor Gap-up, broke the resistance of 17450 in the first candle and then Nifty was forming higher highs through0out the day and we saw a trending day today.

Trades we took Today:

> Bought Nifty 17600 PE at 185 which we booked with 5 points loss
> Bought Nifty 17350 CE at 175 which made a high above 250 and Traders booked great profit in this Trade
> Bought Nifty 17400 CE at 210 which made a high above 260 and Traders booked great profit in this Trade

We were also holding 17400 CE Jan Month which we bought at 290 and booked above 400 today.

Overall, it was a great day for Option Buyers.

If Nifty sustains above 17650 tomorrow, we may see another follow-up upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17650
Sell Below - 17560

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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