InvestPro_India

Nifty Intraday Trade Setup | 11th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened with a Gap-up around 17930 and we saw a follow-up move towards 17980 which was a resistance, we saw some selling but took support at morning low, broke the psychological resistance 18000 in the second half and closed above that.

Trades we took Today:

> Bought Nifty 17800 CE at 190 which we booked with 20 points loss
> Bought Nifty 17900 PE Jan Expiry at 230 which we booked with 30 points loss
> Bought Nifty 18000 PE 140 which went above our 1st Target and Traders booked profit in this Trade
> Bought Nifty 17900 PE Jan Expiry again at 195 which we booked with 10 points profit

Overall, it was a choppy day for Nifty Option Buyers.

Tomorrow, we can see an upmove once Nifty sustains above 18020.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 18020
Sell Below - 17950

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 1st Target 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.