Nifty Intraday Trade Setup | 10th May
Updated
Nifty opened with a gap-down around 16250 and after making a low near 16140 we saw a good bounce in Nifty towards 16400 but that acted as resistance for the day.
Trades we took today -
> Bought Nifty 16300 PE at 215, it went above our 1st Target of 235 and Traders booked profit
> Bought Nifty 16200 CE at 163 which we booked at 143 with 20 points loss
> Bought Nifty 16200 CE at 165, it went above our Last Target of 204 and Traders booked profit
> Bought Nifty 16300 PE at 145 which we booked at 135 with 10 points loss
Overall, it was not a good day for the SpanAttack Index option group members.
Tomorrow, if the Nifty breaks 16400 on the upside, we expect to see an up-move.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 16400
Sell Below - 16270
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 16300 PE at 215, it went above our 1st Target of 235 and Traders booked profit
> Bought Nifty 16200 CE at 163 which we booked at 143 with 20 points loss
> Bought Nifty 16200 CE at 165, it went above our Last Target of 204 and Traders booked profit
> Bought Nifty 16300 PE at 145 which we booked at 135 with 10 points loss
Overall, it was not a good day for the SpanAttack Index option group members.
Tomorrow, if the Nifty breaks 16400 on the upside, we expect to see an up-move.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 16400
Sell Below - 16270
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Sell Trade Triggered and 1st Target Done.
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