Nifty opened with a gap-up around 17100 and we saw good upside momentum in the morning, Nifty re-tested our Buying Level and got a good up-move from the 17070 zones.
Trades we took Today:
> Bought Nifty 17050 CE at 160 which we booked with around cost due to slow momentum > Bought Nifty 17100 CE 9th Dec at 225 which made a high above 260 and Traders booked great profit in this Trade > Bought Nifty 17200 PE 9th Dec at 210 which made a high above 260 and Traders booked great profit in this Trade > Bought Nifty 17200 CE 9th Dec at 205 which made a high above 255 and Traders booked great profit in this Trade
Overall, Great day for Nifty Option Buyers.
Nifty closed near Resistance line and we can see good upside momentum above 17220 tomorrow.
Expectations for Tomorrow: Range-Bound day, volatility after 1:30 PM.