Nifty Intraday Trade Setup | 16th March

Nifty opened with a Gap-up around 16900 but faced rejection at 16925-16930 and we saw sharp selling from higher levels.

Trades we took today -

> Bought Nifty 16900 PE at 180, it went above to our Last Target 230 and Traders booked profit
> Bought Nifty 16900 CE at 180 which we booked with 20 points loss
> Bought Nifty 16800 PE at 170, it went above to our 1st Target 190 and Traders booked profit
> Bought Nifty 16800 PE at 160 which we booked with 15 points loss

Overall an average day and Nifty Option Buyers were in no profit no loss.

Tomorrow, if Nifty sustains below 16550, we may see another down move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 16720
Sell Below - 16550

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

Happy Trading!
InvestPro India Team