Nifty Expiry Trade Setup | 17th March

2022년 3월 16일

Nifty opened with a Gap-up at 16856 and made a high around 16950 which was a range for almost till close but Nifty broke this range on the upside and closed above 16950.

Trades we took today -

> Bought Nifty 16900 PE at 125, it went above to our 1st Target 150 and Traders booked profit
> Bought Nifty 17000 PE at 155, it went above to our Last Target 215 and Traders booked profit
> Bought Nifty 16950 PE at 140 which we booked with 2 points loss at 138 due to slow movement

Overall a great day for Nifty Option Buyers.

Tomorrow, if Nifty sustains above 17020, we may see another up-move but 17000-17100 is psychological resistance so keep booking smaller profits.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17020
Sell Below - 16850

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

Happy Trading!
InvestPro India Team