Nifty opened with a gap-down near 17590 and Nifty made a low below 17450 which acted as a support zone and we saw 150 points bounce from lower levels.
Trades we took today -
> Bought Nifty 17700 PE at 160, it went above our 3rd Target of 194 and Traders booked profit > Bought Nifty 17450 CE at 120 which we booked with 20 points loss > Bought Nifty 17650 PE at 170 which we booked with 20 points loss
Overall, it was a range-bound market and not a good day for Nifty Option Buyers.
Tomorrow, if the Nifty sustains above 17600, we may see an up-move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30.
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