InvestPro_India

Nifty Intraday Trade Setup | 12th January 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened flat today, we saw selling at open but 17970-17950 acted as support and Nifty gave 100 points recovery from lower levels.

Trades we took Today:

> Bought Nifty 17900 CE at 170 which we booked with 10 points loss
> Bought Nifty 18150 PE at 195 which went above our 1st Target 215 and Traders booked profit in this Trade
> Bought Nifty 17900 CE at 185 which went above our 3rd Target 220 and Traders booked great profit in this Trade

Overall, Nifty Option Buyers some profit on Choppy Day.

Nifty is forming a rising wedge on 15 mins time-frame, be cautious at upper levels we may see profit booking.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 18080
Sell Below - 18000

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

Happy Trading!
InvestPro India Team
Comment: Gap-up opening, no trade as per set-up.

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