Nifty Expiry Trade Setup | 21st July 2021

Nifty opened with a gap-down, broken our Sell level which was 15700 and we saw a sharp selling towards 15580 zones. We saw a bounce towards 15680 but couldn't sustain it at the upper level and we again came towards 15630-15620 zone. We bought 15600 CE at bounce and 15800 PE near 15680 resistance and booked great profit in both trades.

Expectations for Tomorrow: Range-bound day, Volatility after 1:30 PM.

Intraday Levels:
Buy Above - 15680
Sell Below - 15580

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

Happy Trading!
InvestPro India Team

Kommentera:

We saw rejection last time in the 15835-15845 zone.... CE buyers are cautious.

ITM PE can also be bought in this zone.