Nifty opened flat and we saw selling at open, after choppy movement Nifty gave a breakdown and closed near day low.
Trades we took Today:
> Bought Nifty 17300 PE at 190 which we made a high around 400 but we booked early due to choppy movement > Bought Nifty 17150 CE at 160 which we booked with 20 points loss > Bought Nifty 16th Dec 17100 PE at 205 which we booked at a cost due to choppy movement
Overall, not a Good day for Nifty Option Buyers.
If Nifty sustains below 16890 tomorrow, we can see a follow-up selling but 16800 is a support zone so book profits early.