Nifty opened with a gap-down below last swing low 16775 and we saw panic selling in Nifty which brought Nifty towards 16400 zones and Nifty took to support and got approx 250 points recovery.
Trades we took Today:
> Bought Nifty 16850 PE at 130 which we made a high above 400 and Traders booked great profit in this Trade > Bought Nifty 16700 CE at 165 which we booked with 20 points loss
Overall, it was a great day for Nifty Option Buyers.
If Nifty sustains above 16650, we can see 40-100 points up move.