Nifty opened with a gap-up above 17600 but couldn't sustain at higher levels and Nifty faced strong rejection from 17640 zones.
Trades we took Today:
> Bought Nifty 17500 CE at 195 which we booked with 25 points loss
> Bought Nifty 17500 CE at 145 which we booked with 15 points loss
> Bought Nifty 17500 PE at 130 which made a high above 190 and Traders booked great profit in this Trade
Overall, it was a great day for Nifty Option Buyers.
For tomorrow 17350 is important on the downside.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17450
Sell Below - 17350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team