Nifty Expiry Trade Setup | 12th May

Nifty opened with a gap-up around 16277 and after making a high at 16318 we saw selling which brought Nifty below 16000 but that acted as support and we saw 220 points recover from lower levels.

Trades we took today -

> Bought Nifty 16400 PE at 165, it went above our 1st Target of 185 and Traders booked profit in this Trade
> Bought Nifty 16200 CE at 148, it went above our 1st Target of 168 and Traders booked profit in this Trade
> Bought Nifty 16400 PE again at 185, it went above our Last Target of 230 and Traders booked profit in this Trade
> Bought Nifty 16400 CE May Expiry at 180 which we booked with 13 points loss at 167
> Bought Nifty 16300 PE at 230, it went above our Last Target of 280 and Traders booked profit in this Trade

Overall, wonderful day and Nifty Option buyers booked insane profits.

Tomorrow, if the Nifty breaks 16250 on the upside, we expect to see an upmove.

Expectations for Tomorrow: Negative morning till 10:30.

Intraday Levels:
Buy Above - 16250
Sell Below - 16090

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

Happy Trading!
InvestPro India Team

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As updated, we saw a pretty Negative morning session.