Nifty Intraday Trade Setup | 4th October 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-down around 17536 and made a day low of 17459 in the first 15 mins. Nifty made a high of 17557 which was a resistance zone but couldn't sustain above that level.

Trades we took on Friday, 1st Oct.:

> Bought Nifty 17500 CE at 145 which we booked with 13 points loss
> Bought Nifty 17450 CE at 150 which made a high above 200 and Traders booked great profit.
> Bought Nifty 17500 PE at 120 which we booked with a profit of 10 points as there was not much movement.

Overall, it was a good day for Option buyers.

For tomorrow, we can an up-move if Nifty sustains above 17560 in the morning.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above - 17560
Sell Below - 17500

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Happy Trading!
InvestPro India Team

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.