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Nifty Trade Setup for 25.08.22 with intraday levels

Movement in nifty has rather been subdued as compared to banknifty. Given current market breadth of stocks, up move is due in nifty. If global cues support, you can expect a round of short covering in nifty.

Conviction bullish
Bias bullish

Trade Setup

Long above 17613 Target 17709
Short below 17522 Target 17428-17385

>>Option buying

Long Position: Buy 17700 CE
Short position: Buy 17400 PE

>>Option Selling

Sell 17800 CE with SL of 20 points

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