Nifty Expiry Trade Setup | 9th September 2021

Nifty opened with a minor gap-up and initially, it was trading in a short-range. It broke our sell level of 17340 around 12:15 PM and Targets of 17300 and 17260 were achieved. Nifty had support at 17250 as we updated, we saw a good bounce from that zone.

Today, BankNifty outperformed Nifty, and tomorrow we expect another up-move in Nifty if it sustains above 17400 levels.

Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.

Intraday Levels:
Buy Above - 17400
Sell Below - 17300

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Happy Trading!
InvestPro India Team

Comment:

17380 - 17400 Is Resistance Zone for Nifty. Traders can try ITM Put in this zone.

17340 - 17330 is acting as support.