Nifty opened flat and we broke our Buying Level in the first 15 mins, where BN was sideways today we saw a trending day in Nifty and closed near day high 17400.
Trades we took Today:
> Bought Nifty 17350 PE at 160 which we booked with 15 points loss
> Bought Nifty 17400 PE at 130 which we booked with 5 points loss
> Bought Nifty 17200 PE 9th Dec at 135 which we booked with 10 points loss
> Bought Nifty 17200 CE 9th Dec at 230 which made a high near 300 and Traders booked great profit in this Trade
Overall, not a Good day for Nifty Option Buyers.
We can again see an upmove if Nifty sustains above 17425 tomorrow.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17425
Sell Below - 17300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team