Nifty opened with a gap-up around 17150 and we saw some selling in the morning which took Nifty towards 17070 that acted as support and gave a trending upmove towards 17300.
Trades we took today -
> Bought Nifty 17000 CE at 120 which we booked at 135 with a profit of 15 points
> Bought Nifty 17000 CE at 118 which we booked at 100 with a loss of 18 points
> Bought Nifty 17350 PE at 185 which we booked at 165 with a loss of 20 points
> Bought Nifty 17350 PE at 65 which we booked at 45 with a loss of 20 points
Overall, it was a bad day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 17320 on the upside, we expect to see another upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17320
Sell Below - 17190
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 17000 CE at 120 which we booked at 135 with a profit of 15 points
> Bought Nifty 17000 CE at 118 which we booked at 100 with a loss of 18 points
> Bought Nifty 17350 PE at 185 which we booked at 165 with a loss of 20 points
> Bought Nifty 17350 PE at 65 which we booked at 45 with a loss of 20 points
Overall, it was a bad day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 17320 on the upside, we expect to see another upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17320
Sell Below - 17190
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached:
Got both Buy and Sell Trades and Targets Done.
