Nifty opened with a Gap-down above our Buy Level 17300 and we saw an upmove towards 17430 zones. After consolidating in 60-70 points range Nifty gave a breakout and closed near day high.
Trades we took Today:
> Bought Nifty 17500 PE Feb Month at 280, it made high at above our 1st Target 300 and Traders booked profit
> Bought Nifty 17500 PE Feb Month again at 268, it made high at above our 2nd Target 292 and Traders booked profit
> Bought Nifty 17550 PE at 165 which we booked at 175 due to slow movement
Overall, it was a good day and Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17480 we may see an up-move.
Expectations for Tomorrow: Range-bound day, Volatality after 12:00 PM.
Intraday Levels:
Buy Above - 17480
Sell Below - 17420
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17500 PE Feb Month at 280, it made high at above our 1st Target 300 and Traders booked profit
> Bought Nifty 17500 PE Feb Month again at 268, it made high at above our 2nd Target 292 and Traders booked profit
> Bought Nifty 17550 PE at 165 which we booked at 175 due to slow movement
Overall, it was a good day and Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17480 we may see an up-move.
Expectations for Tomorrow: Range-bound day, Volatality after 12:00 PM.
Intraday Levels:
Buy Above - 17480
Sell Below - 17420
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Comment:
Buy Trade Triggered, All Targets Done.
