Nifty Intraday Trade Setup | 16th Feb

Nifty opened with a Gap-up and we saw selling in the morning towards the 16840 zone and Nifty gave a great recovery of more than 500 points from lower levels.

Trades we took Today:

> Bought Nifty 16950 PE at 145, it made high at above our Last Target 186 and Traders booked good profit
> Bought Nifty 17000 PE at 145 which we booked with 20 points loss

Overall, a good day for Nifty Option Buyers. We took more trades in BankNifty today.

Tomorrow, if Nifty sustains above 17380 we may see a further up-move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17380
Sell Below - 17260

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Happy Trading!
InvestPro India Team