Nifty Intraday Trade Setup | 28th December 2021

Nifty opened with a Gap-down below our Sell Level 16960 and Nifty made a low around 16840 in the morning. We saw great recovery from lower levels and Nifty closed at 17086.

Trades we took Today:

> Bought Nifty 17050 PE at 180 which made a high above 220 and Traders booked great profit in this Trade
> Bought Nifty 17100 PE at 200 which we booked with 20 points loss
> Bought Nifty 16900 CE at 185 which made a high above 235 and Traders booked great profit in this Trade
> Bought Nifty 17200 PE at 185 which we booked with 20 points profit
> Bought Nifty 16950 CE at 200 which we booked with 10 points loss due to choppy movement

Overall, a good day for Nifty Option Buyers.

Tomorrow, if Nifty sustains above 120 we may see an follow-up upmove

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 17120
Sell Below - 17000

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Happy Trading!
InvestPro India Team

Comment:

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