Nifty opened with a Gap-up at 17450 and after making a low around 173890 Nifty made a high above 17500 though momentum was slow so not many opportunities for Option Buyers.
Trades we took today -
> Bought Nifty 17600 PE at 140, added more at 125 which we booked at 140 due to slow movement > Bought Nifty 17500 PE 28th April Expiry at 345, it went above our 3rd Target 390 and Traders booked profit > Bought Nifty 17400 CE at 138, it went above our 2nd Target 157 and Traders booked profit > Bought Nifty 17700 PE at 190, it went above our Last Target 240 and Traders booked profit
Overall, it was a great day and Nifty Option Buyers booked a profit.
Tomorrow, if the Nifty sustains above 17520, we may have another upmove but 17600 will act as resistance so be cautious.
Expectations for Tomorrow: Range-bound movement, Volatality after 1:25pm.