Nifty Intraday Trade Setup | 17th December 2021

Nifty opened with a big Gap-up due to Positive Global Cues and we saw selling at open, Nifty again took support near 17200 and traded in a range for most of the time.

Trades we took Today:

> Bought Nifty 17400 PE 23RD DEC at 185 which made high above 240 and Traders booked Great profit in Morning Trade
> Bought Nifty NIFTY 17450 PE at 195 which made a high above 230 and Traders booked Good profit in this Trade
> Bought Nifty 17200 CE at 60 which we booked with 12 points loss
> Bought Nifty 17300 PE at 90 which we booked with 10 points loss
> Bought Nifty 17300 PE 23RD DEC at 170 which we booked with 30 points loss
> Bought Nifty 17300 CE 23RD DEC at 130 which we booked with 15 points loss

Overall, We booked Great profit in Morning Trades but then not good trades.

Tomorrow, if Nifty breaks 17180 we may see a sharp fall.

Expectations for Tomorrow: Trending Day.

Intraday Levels:
Buy Above - 17300
Sell Below - 17190

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

Happy Trading!
InvestPro India Team