17000 PE writers might be trapped at opening and would look to cover. Look for reversal oppurtunities around 16850-16860 around previous day low If Previous day Low not sustained, pyramid on the shorts
Trade active
16,862 current day low around 12.20 PM IST Reversal possible from here
Trade active
Superb 100 Points reversal.. 16,962 around 1.05 PM Now just trail the Longs for another 100 points recovery
Trade closed: target reached
Another upside 100 points achieved at 1.50 PM = 17,062 Trade closed
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