Nifty opened with a big gap-down near 17890 and made low at 17843 in the first 15 mins. Nifty took support in the 17850 - 17800 zone which was a strong support zones for Nifty and we saw good 200 points upmove from lower levels.
Trades we took Today:
> Bought Nifty 17500 PE at 360 yesterday which we booked at 600 - 620 range in the morning
> Bought Nifty 16950 PE at 163 which we booked with 20 points loss
Overall, a wonderful day for Nifty Option Buyers and we overachieved our daily target in yesterday's BTST trade.
Tomorrow, if Nifty sustains below 17040, we may see a down move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17150
Sell Below - 17040
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 at 360 yesterday which we booked at 600 - 620 range in the morning
> Bought Nifty 16950 PE at 163 which we booked with 20 points loss
Overall, a wonderful day for Nifty Option Buyers and we overachieved our daily target in yesterday's BTST trade.
Tomorrow, if Nifty sustains below 17040, we may see a down move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17150
Sell Below - 17040
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Comment:
Correction: Nifty opened with a big gap-down near 16890 and made low at 16843 in the first 15 mins. Nifty took support in the 17850 - 17800 zone which was a strong support zones for Nifty and we saw good 200 points upmove from lower levels.
Trade closed: target reached:
Buy Trade Triggered, 1st Target Done.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.