Nifty opened with a gap-up near 17700 but again faced rejection and made low at 17600. We saw a good bounce from the support zone which took Nifty above 17840.
Trades we took today -
> Bought Nifty 17700 CE at 160 which we booked with 7 points loss
> Bought Nifty 17750 PE at 170, it went above our 2nd Target of 202 and Traders booked profit
> Bought Nifty 17700 PE at 160, it went above our 2nd Target of 185 and Traders booked profit
> Bought Nifty 17700 CE at 130 which we booked with 20 points loss
> Bought Nifty 17650 CE at 135, it went above our Last Target of 172 and Traders booked profit
> Bought Nifty 17800 PE at 155 which we booked with 10 points loss
Overall, a volatile day and Nifty Option buyers were in no profit no loss.
Tomorrow, if the Nifty sustains above 17840, we may see an upmove towards the 17980 - 18000 zone.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17840
Sell Below - 17700
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 17700 CE at 160 which we booked with 7 points loss
> Bought Nifty 17750 PE at 170, it went above our 2nd Target of 202 and Traders booked profit
> Bought Nifty 17700 PE at 160, it went above our 2nd Target of 185 and Traders booked profit
> Bought Nifty 17700 CE at 130 which we booked with 20 points loss
> Bought Nifty 17650 CE at 135, it went above our Last Target of 172 and Traders booked profit
> Bought Nifty 17800 PE at 155 which we booked with 10 points loss
Overall, a volatile day and Nifty Option buyers were in no profit no loss.
Tomorrow, if the Nifty sustains above 17840, we may see an upmove towards the 17980 - 18000 zone.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17840
Sell Below - 17700
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Kommentera:
Sell Trade Triggered and 1st Target Done.
