Nifty opened with a gap-up around 17070 but we saw sharp selling at open and Nifty made a low around 16780 but we saw a great recovery from lower levels.
Trades we took Today:
> Bought Nifty 16800 CE at 210 which made a high above 400 and Traders booked great profit in this Trade
> Bought Nifty 17100 PE at 165 which made a high above 220 and Traders booked good profit in this Trade
Overall, Wonderful day for Nifty Option Buyers.
If Nifty breaks and sustains below 17000 level tomorrow, we may see 60-120 points fall.
Expectations for Tomorrow: Range-Bound day.
Intraday Levels:
Buy Above - 17100
Sell Below - 17000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team