Nifty Expiry Trade Setup | 3rd March

Nifty opened with a gap-down around 16610, Nifty faced rejection near 16680 and we saw a drop towards 16480 zones. We saw a good short-covering move in the last hour as Banks were oversold.

Trades we took Today:

> Bought Nifty 16600 CE at 205 which we booked with 25 points loss
> Bought Nifty 16600 PE at 200, it went above our 3rd Target 236 and Traders booked profit in this Trade

Overall, a choppy day. Nifty Option buyers managed to recover the morning loss.

Tomorrow, we may see an upmove if Nifty sustains above 16650.

Expectations for Tomorrow: Range-bound day, Volatality after 1:15 PM.

Intraday Levels:
Buy Above - 16650
Sell Below - 16550

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

Happy Trading!
InvestPro India Team

Operación cerrada: objetivo alcanzado:

Sell Trade Triggered, 1st & 2nd Targets Done.