Nifty opened with a minor gap-up and broke the falling resistance line which triggered our buy level as analyzed yesterday. Traders who bought Nifty CE or Futures made a good profit in the morning. We also caught the selling opportunity and bought 16300 PE which again gave great profit as we saw around 140 points fall in Nifty.
For tomorrow, we again may see a good up-move once the falling trendline is broken on the upside, In case it breaks 16180 on the downside, lower marked levels can be seen.