Nifty Intraday Trade Setup | 2nd May

1 May 2022

Nifty opened with a gap-up around 17330 and after morning towards 17240 we again saw an upmove towards 17377 where we saw profit-booking, Nifty made low around 17050.

Trades we took today -

> Bought Nifty 17250 CE at 183, it went above our 1st Target 203 and Traders booked profit
> Bought Nifty 17250 CE again at 155, it went above our Last Target of 196 and Traders booked profit
> Bought Nifty 17300 CE at 180 which we booked at 192 with a profit of 10 points
> Bought Nifty 17250 CE at 190 which we booked at 170 with a loss of 20 points
> Bought Nifty 17400 PE at 200, it went above our Last Target of 238 and Traders booked profit
> Bought Nifty 17200 CE at 155, it went above our 2nd Target of 185 and Traders booked profit

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

Tomorrow, if the Nifty breaks 17320 on the upside, we expect to see another upmove.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 17200
Sell Below - 17050

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

Happy Trading!
InvestPro India Team