Nifty opened with a gap-up and sustained above buy level 16300, Traders bought in the morning as per set-up booked great profit. We bought 16400 PE at 85 which we booked around 90 as Nifty was moving in a narrow range.
For tomorrow, 16370 - 16400 would act as a strong resistance zone and we may see rejection so Fut/CE buyers be cautious in this zone.