Nifty Intraday Trade Setup | 9th May
Mis à jour
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
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
Note
Gap-down opening, no trade as per set-up.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.