Nifty Expiry Trade Setup | 5th May

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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

交易结束：到达目标

Buy Trade Triggered and all Targets done.

InvestPro_India

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Views are for educational purposes only. You are solely responsible for any decisions based on my research.

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