Nifty opened with a Gap-up around 17160, we saw sharp selling at open, and Nifty made low at 16955.
Trades we took Today:
> Bought Nifty 17100 CE at 125 which we booked with 12-15 points profit
> Bought Nifty 17150 PE at 220 which made a high above 275 and Traders booked great profit in this Trade
> Suggested to Sell Nifty @ 17050 - 17060 and Traders booked easy 70-80 points in this Trade
Overall, a great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains below 16960 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17070
Sell Below - 16960
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team