Nifty opened with a gap-up around 16825 and we saw strength in the morning which took Nifty to 16946 but that acted as a rejection zone and Nifty gave almost 300 points fall from day high.
Trades we took today -
> Bought Nifty 16800 PE 12th May at 190 which we booked at 208 with 18 points profit
> Bought Nifty 16800 PE 12th May again at 170 which we booked with 20 points loss
> Bought Nifty 16850 PE 12th May at 135, it went above our 1st Target of 155 and Traders booked profit
> Bought Nifty 16950 CE 12th May at 165 which we booked at 180 with 15 points profit
> Bought Nifty 16850 PE 12th May again at 170, it went above our Last Target of 214 and Traders booked profit
Overall, it was a great expiry day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 16600 on the downside, we expect to see another down move.
Expectations for Tomorrow: Volatile session.
Intraday Levels:
Buy Above - 16750
Sell Below - 16600
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 16800 PE 12th May at 190 which we booked at 208 with 18 points profit
> Bought Nifty 16800 PE 12th May again at 170 which we booked with 20 points loss
> Bought Nifty 16850 PE 12th May at 135, it went above our 1st Target of 155 and Traders booked profit
> Bought Nifty 16950 CE 12th May at 165 which we booked at 180 with 15 points profit
> Bought Nifty 16850 PE 12th May again at 170, it went above our Last Target of 214 and Traders booked profit
Overall, it was a great expiry day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 16600 on the downside, we expect to see another down move.
Expectations for Tomorrow: Volatile session.
Intraday Levels:
Buy Above - 16750
Sell Below - 16600
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Gap-down opening, no trade as per set-up.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.