Nifty Intraday Trade Setup | 27th April

Apr 26, 2022

Nifty opened with a gap-up around 17150 and after making a high around 17180 we saw a range-bound movement 17180 - 17065 but in the last 30 mins, Nifty broke the range on the upside.

Trades we took today -

> Bought Nifty 17050 CE at 185 which we booked at 175 with 10 points loss
> Bought Nifty 17200 PE at 120 which we booked at 130 with 10 points profit
> Bought Nifty 17000 CE at 205 which we booked at a cost due to slow movement
> Bought Nifty 17250 PE at 125, it went above our 3rd Target 154 and Traders booked profit
> Bought Nifty 17000 CE at 160, it went above our 3rd Target 189 and Traders booked profit
> Bought Nifty 17200 PE at 143 which we booked at 130 with 13 points loss

Overall, it was a range-bound day and Nifty Option Buyers booked good profit.

Tomorrow, if the Nifty breaks 17200 on the upside, expect another upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17200
Sell Below - 17080

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

Happy Trading!
InvestPro India Team

Apr 27, 2022

Trade closed: target reached

Sell Trade triggered, 1st Target Done.