Nifty opened flat today saw a great upmove in the morning and it was a trending move.
Trades we took Today:
> Bought Nifty 17400 PE at 180 which we booked with 8 points loss > Bought Nifty 17200 CE at 220 which made a high around 270 and Traders booked great profit in this Trade
Overall, it was a good day for Option Buyers.
We can see another upmove once Nifty breaks 17400 on the upside but 17500 would be the resistance zone so be cautious.
Bulls are above 17640.