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Nifty Intraday Trade Setup | 16th July 2021

Nifty 50 Index (NSE:NIFTY)  
InvestPro_India Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns NIFTY niftyanalysis niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoption niftyoptionstrategy
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trendanalysis chartpattern nifty niftyanalysis niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoption niftyoptionstrategy
Nifty opened with a gap-up and after consolidation, it broke 15900 level which was our buying level and CE option buyers booked great profit. The 15950 zone was another resistance and we bought 16000 PE at 70 which made went to 102 and we booked great profit in that too. Nifty has made its new All Time high and above 15950 we may again see a good up-move tomorrow.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above - 15950
Sell Below - 15900

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

Happy Trading!
InvestPro India Team
Comment:
Choppy Market, Selling at the top and buying at the bottom is the strategy for today.... Booked great profit in 16000 PE in the morning.
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