Nifty Intraday Trade Setup | 22nd December 2021

Dec 21, 2021

Nifty opened with a Big Gap-up opening above our Buy Level 17650 and Nifty showed good strength in first-half but we saw sharp selling in the second half and Nifty lost all the gain during Intraday.

Trades we took Today:

> Bought Nifty 16900 PE at 170 which made a high above 215 and Traders booked great profit in this Trade
> Bought Nifty 17000 PE at 200 which we booked with 25 points profit
> Bought Nifty 16700 CE at 220 which made a high above 270 and Traders booked great profit in this Trade
> Bought Nifty 16700 CE again at 215 which we booked with 30 points profit
> Bought Nifty 16650 CE at 165 which we booked with 20 points loss

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

If Nifty sustains below 16690, we can see a 40-100 points down-move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 16800
Sell Below - 16680

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

Happy Trading!
InvestPro India Team

Dec 22, 2021

Note

Gap-up Opening, No Trade as per Set-up.