Nifty Intraday Trade Setup | 16th Feb
Nifty opened with a Gap-up and we saw selling in the morning towards the 16840 zone and Nifty gave a great recovery of more than 500 points from lower levels.
Trades we took Today:
> Bought Nifty 16950 PE at 145, it made high at above our Last Target 186 and Traders booked good profit
> Bought Nifty 17000 PE at 145 which we booked with 20 points loss
Overall, a good day for Nifty Option Buyers. We took more trades in BankNifty today.
Tomorrow, if Nifty sustains above 17380 we may see a further up-move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17380
Sell Below - 17260
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 16950 PE at 145, it made high at above our Last Target 186 and Traders booked good profit
> Bought Nifty 17000 PE at 145 which we booked with 20 points loss
Overall, a good day for Nifty Option Buyers. We took more trades in BankNifty today.
Tomorrow, if Nifty sustains above 17380 we may see a further up-move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17380
Sell Below - 17260
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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