As SGX Nifty was indicating, Today Nifty opened with a big Gap-down near 17650 and went down towards yesterday's low levels. Nifty took support at 17608 and after few attempts, Nifty Broke the resistance of 17700 and made a high of 17781. We bought Nifty 17750 PE at 120 in the morning which went to 167 and Traders booked good profit in this trade. We also bought 17550 CE around 135 which made a high of 250 and Traders booked great profit in this Trade too. Overall, it was a wonderful day for Option buyers.
Nifty closed near the support zone of 17700 and tomorrow we can see a down-move if Nifty breaks the 17680 level in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17780
Sell Below - 17680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty closed near the support zone of 17700 and tomorrow we can see a down-move if Nifty breaks the 17680 level in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17780
Sell Below - 17680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Subscription Plans: investproindia.in/subscription
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
