Nifty Expiry Trade Setup | 24th Feb

23 feb 2022

Nifty opened with a gap-down around 17200 and faced resistance at 17220 levels, Nifty was trading in a narrow range throughout the day which was broken on the downside in the last 30 mins.

Trades we took Today:

> Bought Nifty 17100 CE at 155, it went to our 1st Target 175 and Traders booked profit in this Trade
> Bought Nifty 17250 PE at 132, it went to our 3rd Target 165 and Traders booked profit in this Trade
> Bought Nifty 17050 CE at 165 which we booked with 7 points loss
> Bought Nifty 17200 PE 3rd Mar at 235, it went to our 3rd Target 290 and Traders booked profit in this Trade

Overall, it was a good day and Nifty Option Buyers made a profit in such a choppy market too.

Tomorrow, if Nifty sustains below 17000, we may see a down move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17120
Sell Below - 17000

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

Happy Trading!
InvestPro India Team

25 feb 2022

Nota

Big Gap-down due to Russia Ukraine war, no trade as per set-up.