Give me only one trade setup each for Nifty and Bank Nifty NSE indian market in this format: 1. Trade Direction (CE or PE) 2. Entry Level (Spot price) 3. Option Strike (Weekly expiry) 4. Stoploss (Spot basis) 5. Target (Spot basis) 6. Reason (in 1
Here are the trade setups for Nifty and Bank Nifty in the specified format:
| Symbol | Trade Direction | Entry Level (Spot price) | Option Strike (Weekly expiry) | Stoploss (Spot basis) | Target (Spot basis) | Reason |
|--------------|-----------------|--------------------------|-------------------------------|----------------------|---------------------|------------------------------------------------------------------------------------------------------------------------------------------|
| Nifty | CE | 19,200 | 19,300 | 19,160 | 19,250 | Current momentum indicates a bullish trend after a recent pullback; technical indicators suggest potential for upward movement. |
| Bank Nifty | PE | 44,000 | 43,800 | 44,050 | 43,900 | Recent bearish sentiment after hitting resistance; technical patterns suggest a reversal, providing an opportunity for a pullback trade. |
**Note:** Ensure to check for market conditions such as gaps at the open. Avoid entering if there's a significant gap up or down.