Nifty opened flat at 16536 and after making a low around 16470 we saw a sharp rally towards 16700 zones but Nifty couldn't sustain at higher levels and then we saw a range-bound movement.
Trades we took today -
> Bought Nifty 16550 CE at 200, it went above to our Last Target 250 and Traders booked great profit
> Bought Nifty 16550 PE at 220 which we booked with 20 points loss
We only took 2 trades as Nifty was trading in a small range though Traders Booked great profit in BankNifty options.
Tomorrow, if Nifty sustains below 16560, we may see a down move towards 16500 and below.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16660
Sell Below - 16560
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 16550 CE at 200, it went above to our Last Target 250 and Traders booked great profit
> Bought Nifty 16550 PE at 220 which we booked with 20 points loss
We only took 2 trades as Nifty was trading in a small range though Traders Booked great profit in BankNifty options.
Tomorrow, if Nifty sustains below 16560, we may see a down move towards 16500 and below.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16660
Sell Below - 16560
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade stängt: målet nått:
Buy Trade Triggered and All Targets Done.
