Nifty Intraday Trade Setup | 9th May

2022年5月8日

Nifty opened with a gap-down around 16440 and was trading in 130 points range 16480 - 16350 for the entire day.

Trades we took today -

> Bought Nifty 16450 CE at 172, it went above our 2nd Target of 198 and Traders booked profit
> Bought Nifty 16450 CE at 145, it went above our 1st Target of 165 and Traders booked profit
> Bought Nifty 16500 PE at 245, added more at 230 and we booked all in profit around 260

Overall, Nifty Option Buyers booked good profit on Range-bound day.

Tomorrow, if the Nifty breaks 340 on the downside, we expect to see another down move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16500
Sell Below - 16340

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

Happy Trading!
InvestPro India Team

2022年5月9日

注释

Gap-down opening, no trade as per set-up.