Nifty Expiry Trade Setup | 5th May
Updated
Nifty opened with a gap-up around 17110 and made high in the first 15 mins at 17132. We saw selling pressure in Nifty since morning and force increased once it breached 17000, also gave breakdown below 16800 due to RBI rate hike news.
Trades we took today -
> Bought Nifty 17250 PE at 195, it went above our Last Target of 240 and Traders booked profit
> Bought Nifty 17200 PE at 185, it went above our Last Target of 224 and Traders booked profit
> Bought Nifty 17150 PE at 185, it went above our 2nd Target of 215 and Traders booked profit
> Bought Nifty 16800 CE at 155, it went above our 2nd Target of 180 and Traders booked profit
Overall, it was a wonderful day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 16600 on the downside, we expect to see another down move.
Expectations for Tomorrow: Range-bound day, Volatality after 2:15 PM.
Intraday Levels:
Buy Above - 16820
Sell Below - 16600
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 17250 PE at 195, it went above our Last Target of 240 and Traders booked profit
> Bought Nifty 17200 PE at 185, it went above our Last Target of 224 and Traders booked profit
> Bought Nifty 17150 PE at 185, it went above our 2nd Target of 215 and Traders booked profit
> Bought Nifty 16800 CE at 155, it went above our 2nd Target of 180 and Traders booked profit
Overall, it was a wonderful day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 16600 on the downside, we expect to see another down move.
Expectations for Tomorrow: Range-bound day, Volatality after 2:15 PM.
Intraday Levels:
Buy Above - 16820
Sell Below - 16600
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Buy Trade Triggered and all Targets done.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.