Nifty opened with a big Gap-down and we saw follow-up selling until 11:00 as expected and updated in the group. Nifty took support near 17300, showed good recovery but again faced the rejection near day high.
Trades we took Today:
> Bought Nifty 17550 PE at 215 which went above our Last Target 270 and we asked Traders to hold this until 11:30 AM. Nifty 17550 PE made a high at 315 and Traders booked great profit in this Trade
> Bought Nifty 17400 CE at 145, it made high at above our 1st Target 165 and Traders booked profit. We again posted about a fall and we saw a great fall in the last hours.
Overall, great day and Nifty Option Buyers booked insane profit.
Tomorrow, SGX showing a big gap-down. We see selling below 17300 but if Nifty opens lower and sustains below 17250 more fall can be seen. Trade cautiously, the market is highly volatile.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17370
Sell Below - 17250
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17550 PE at 215 which went above our Last Target 270 and we asked Traders to hold this until 11:30 AM. Nifty 17550 PE made a high at 315 and Traders booked great profit in this Trade
> Bought Nifty 17400 CE at 145, it made high at above our 1st Target 165 and Traders booked profit. We again posted about a fall and we saw a great fall in the last hours.
Overall, great day and Nifty Option Buyers booked insane profit.
Tomorrow, SGX showing a big gap-down. We see selling below 17300 but if Nifty opens lower and sustains below 17250 more fall can be seen. Trade cautiously, the market is highly volatile.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17370
Sell Below - 17250
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Comment:
Big Gap-down opening, no trade as per set-up.
