Nifty Intraday Trade Setup | 9th Feb

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Nifty opened with a Gap-down, we saw rejection around 17300 zones and Nifty made a low at 17074. For day low, Nifty showed a great recovery of almost 200 points.

Trades we took Today:

> Bought Nifty 17100 CE at 225 which we booked with 20 points loss
> Bought Nifty 17350 PE at 175, it made high at above our Last Target 218 and Traders booked great profit
> Bought Nifty 17350 PE again at 195, it made high at above our 3rd Target 250 and Traders booked great profit

Overall, it was a great day and Nifty Option Buyers.

Tomorrow, if Nifty sustains above 17300 we may see an up-move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17300
Sell Below - 17200

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

Happy Trading!
InvestPro India Team

注释

Gap-up opening, no trade as per set-up.