Nifty Intraday Trade Setup | 7th December 2021

Nifty opened flat and we saw selling at open, after choppy movement Nifty gave a breakdown and closed near day low.

Trades we took Today:

> Bought Nifty 17300 PE at 190 which we made a high around 400 but we booked early due to choppy movement
> Bought Nifty 17150 CE at 160 which we booked with 20 points loss
> Bought Nifty 16th Dec 17100 PE at 205 which we booked at a cost due to choppy movement

Overall, not a Good day for Nifty Option Buyers.

If Nifty sustains below 16890 tomorrow, we can see a follow-up selling but 16800 is a support zone so book profits early.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above - 17000
Sell Below - 16890

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

Happy Trading!
InvestPro India Team

Transakcja zamknięta: osiągnięto wyznaczony cel:

Buy Trade Triggered and All Targets Done.