Nifty opened with a Gap-up at 16856 and made a high around 16950 which was a range for almost till close but Nifty broke this range on the upside and closed above 16950.
Trades we took today -
> Bought Nifty 16900 PE at 125, it went above to our 1st Target 150 and Traders booked profit
> Bought Nifty 17000 PE at 155, it went above to our Last Target 215 and Traders booked profit
> Bought Nifty 16950 PE at 140 which we booked with 2 points loss at 138 due to slow movement
Overall a great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17020, we may see another up-move but 17000-17100 is psychological resistance so keep booking smaller profits.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17020
Sell Below - 16850
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 16900 PE at 125, it went above to our 1st Target 150 and Traders booked profit
> Bought Nifty 17000 PE at 155, it went above to our Last Target 215 and Traders booked profit
> Bought Nifty 16950 PE at 140 which we booked with 2 points loss at 138 due to slow movement
Overall a great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17020, we may see another up-move but 17000-17100 is psychological resistance so keep booking smaller profits.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17020
Sell Below - 16850
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Subscription Plans: investproindia.in/subscription
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
