Nifty Intraday Trade Setup | 10th December 2021

Nifty opened with Gap-up above 17500 and we saw selling in the morning, Nifty took support near our Sell Level 17390 and again went towards day high.

Trades we took Today:

> Bought Nifty 16th Dec 17300 CE at 230 which made a high around 280 and Traders booked great profit in this Trade
> Bought Nifty 16th Dec 17700 PE at 260 which we booked with 15 points loss
> Bought Nifty 17500 CE at 35 which made a high around 52

Overall, it was a choppy day and not much for Nifty Option Buyers.

Tomorrow if Nifty sustains above 17550, we may see 40-60 points fast upmove in the morning but 17600 is the rejection zone so be cautious.

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 17550
Sell Below - 17440

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

Happy Trading!
InvestPro India Team