Nifty Intraday Trade Setup | 30th March

29 Mar 2022

Nifty opened with a Gap-up near 17298 and trading in a very tight range for the whole day 17320 - 17240 which was broken on the upper side in the last 30 mins.

Trades we took today -

> Bought Nifty 17250 CE at 140, it went above our 2nd Target 170 and Traders booked profit
> Bought Nifty 17000 PE 28th April Expiry at 275 which we booked at a cost due to choppy movement
> Bought Nifty 17250 CE again at 140, it went above our 2nd Target 170 and Traders booked profit
> Bought Nifty 17150 CE at 185, it went above our 2nd Target 215 and Traders booked profit

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

Tomorrow, if the Nifty sustains above 17360, we may have another upmove but 17400 - 17450 is the resistance zone see be cautious.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17360
Sell Below - 17270

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

Happy Trading!
InvestPro India Team