Nifty opened with a Gap-up above 17400 and we saw selling in the morning towards 17260 which was also our selling level. We saw great recovery from lower levels for approx 130 points but 17490 acted as rejection.
Trades we took Today:
> Bought Nifty 17550 PE at 185 and added more at 165. It made high around 230 and Traders booked great profit in this Trade
> Bought Nifty 17250 CE at 153 and added more at 130. It made high above 250 and Traders booked profit in this Trade
> Bought Nifty 17250 CE again at 205 which we booked with 20 points loss
Overall, it was a highly volatile day and Nifty Option Buyers made a small profit.
Tomorrow, if Nifty sustains below 17260, we may see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above - 17370
Sell Below - 17260
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17550 PE at 185 and added more at 165. It made high around 230 and Traders booked great profit in this Trade
> Bought Nifty 17250 CE at 153 and added more at 130. It made high above 250 and Traders booked profit in this Trade
> Bought Nifty 17250 CE again at 205 which we booked with 20 points loss
Overall, it was a highly volatile day and Nifty Option Buyers made a small profit.
Tomorrow, if Nifty sustains below 17260, we may see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above - 17370
Sell Below - 17260
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
