Nifty Intraday Trade Setup | 2nd Feb

1. Feb. 2022

Nifty opened with a big Gap-up around 17530 due to strong global cues and Nifty made a high at 17622 which acted as resistance and we saw a drop towards the 17240 zone. It was a highly volatile session as expected due to a Budget day.

Trades we took Today:

> Bought Nifty 17400 CE at 260, it made a high above our Last Target 300 and Traders booked great profit in this Trade
> Bought Nifty 17500 PE at 175 which we booked with 20 points loss

Due to high volatility, we took only 2 trades. Overall, good day and Traders booked profit in stocks.

Tomorrow, if Nifty sustains above 17650 another up-move is expected.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17650
Sell Below - 17480

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

Happy Trading!
InvestPro India Team

2. Feb. 2022

Anmerkung

Gap-up Opening. No Trade as per setup.