Nifty opened flat and we broke our Buying Level in the first 15 mins, where BN was sideways today we saw a trending day in Nifty and closed near day high 17400.
Trades we took Today:
> Bought Nifty 17350 PE at 160 which we booked with 15 points loss > Bought Nifty 17400 PE at 130 which we booked with 5 points loss > Bought Nifty 17200 PE 9th Dec at 135 which we booked with 10 points loss > Bought Nifty 17200 CE 9th Dec at 230 which made a high near 300 and Traders booked great profit in this Trade
Overall, not a Good day for Nifty Option Buyers.
We can again see an upmove if Nifty sustains above 17425 tomorrow.
sell nifty... get 17250 pe of 16th December.. Nifty is opening gap down.. sell first 30 to 45 minutes. sell then wait till 12:00 noon to sell again.. trend is changed in the favour of bears...