Nifty Expiry Trade Setup | 5th August 2021

Nifty opened with a gap-up and continued its bullish momentum though BankNifty was outperformed Nifty. We did buy 16250 PE around 55 which went to above 85 and we booked a good profit in that trade. For tomorrow, see buy-on dips opportunity in the morning and we may see some selling after 1:00 PM.

Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.

Intraday Levels:
Buy Above - 16300
Sell Below - 16200

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

Happy Trading!
InvestPro India Team