Nifty opened with a big gap-down around 17190 and after making a high near 17240 we saw selling which took Nifty towards 17070 level that acted as a support zone.
Trades we took today -
> Bought Nifty 17300 PE at 170, it went above our Last Target of 209 and Traders booked profit
> Bought Nifty 17300 PE again at 200, it went above our Last Target of 244 and Traders booked profit
> Bought Nifty 17150 CE at 125, it went above our 3rd Target of 165 and Traders booked profit
Overall, Nifty Option Buyers made a good profit today.
Tomorrow, if the Nifty sustains above 17240, a fast down upmove is expected.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 17240
Sell Below - 17120
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 17300 PE at 170, it went above our Last Target of 209 and Traders booked profit
> Bought Nifty 17300 PE again at 200, it went above our Last Target of 244 and Traders booked profit
> Bought Nifty 17150 CE at 125, it went above our 3rd Target of 165 and Traders booked profit
Overall, Nifty Option Buyers made a good profit today.
Tomorrow, if the Nifty sustains above 17240, a fast down upmove is expected.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 17240
Sell Below - 17120
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
