InvestPro_India

Nifty Intraday Trade Setup | 3rd May 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a big down started showing recovery. It faced resistance near our sell level 14860-14850 zone and we saw the price rejection as expected. For Monday, I am expecting either a big gap-up or gap down and volatile week so novice Traders be cautious.

TradePro Premium members sold Nifty Fut around 14890 which they booked at 14810 and again took a Sell trade around 14780 which they booked at 14710. Overall great day for Future Traders.

SpanAttack Subscribers also booked good profit in 14700 and 14500 PE.

We also updated Nifty 14700 PE and 14900 CE Buy Trade in our Public channel in which 14700 PE gave great profit bought near 120 and in 14900 CE, we did exit with a small profit.

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Expectations for Tomorrow: Big moves.

Intraday Levels:
Buy Above 14700
Sell Below 14600

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

Happy Trading!
InvestPro India Team
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

Comments

Ready for Intraday tread on Monday if Flat opening sell below 11600 Target 14550, 14500, 14420, if consolidate near 14700 Buy Above 14720 after consolidation Target 14760, 14800, 14830. Gapup opening or gapdow opening wait for range breakout or Price actions
Reply
@meena_sn, Correct... these are the levels..... Sell below 14600.
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Election results impact please .
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gs0301589 JathinMallya
GP

Nifty. to Revisit the Friday's low & may go down. Further.
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InvestPro_India JathinMallya
@JathinMallya, Expecting red but it can also trap sellers near the lower range so be cautious.
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JathinMallya InvestPro_India
@InvestPro_India, thanks for update.
Really helps
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raj2raya InvestPro_India
3 may 2021 nifty range 14540 to 14880
If gapdown then buy 14540 with sl 14480
Reply
@raj2raya, Please post the chart, don't come with random predictions here.
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InvestPro_India JathinMallya
@JathinMallya, as mentioned morning red and trapped sellers.
Reply