Nifty Intraday Trade Setup | 4th May

3 May 2022

Nifty opened with a gap-down around 16950 and made low in the first 15 mins at 16917. Nifty was trading in a range 17040 - 17950 which was broken on the upside in the last hour as expected.

Trades we took today -

> Bought Nifty 17050 PE at 170, it went above our 1st Target 190 and Traders booked profit
> Bought Nifty 16850 CE at 195, it went above our Last Target of 245 and Traders booked profit
> Bought Nifty 17050 PE again at 175 which we booked at 185 with a profit of 10 points
> Bought Nifty 17050 PE again at 150, it went above our 1st Target of 170 and Traders booked profit

Overall, it was a great day for Nifty Option Buyers.

Tomorrow, if the Nifty breaks 17100 on the upside, we expect to see another upmove.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17100
Sell Below - 17000

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

Happy Trading!
InvestPro India Team

4 May 2022

İşlem kapandı: hedefe ulaştı

Sell Trade Triggered and All Targets done.