Nifty opened with a gap-up around 17242 and after making a low around 17215 Nifty gave a trending upmove though the move was very choppy and not good for Option Buyers.
Trades we took today -
> Bought Nifty 17400 PE at 165 which we booked with a minor loss of 10 points
> Bought Nifty 17050 CE at 190, it went above our 2nd Target of 220 and Traders booked profit
> Bought Nifty 17400 PE at 150 which we booked with 20 points loss
> Bought Nifty 17450 PE at 120 which we booked with a small profit of 15 points
> Bought Nifty 17600 PE at 255 which we booked with 15 points loss
Overall, it was not a good day for Nifty Option Buyers.
Tomorrow, if the Nifty sustains above 17450, another upmove is expected.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17450
Sell Below - 17350
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 17400 PE at 165 which we booked with a minor loss of 10 points
> Bought Nifty 17050 CE at 190, it went above our 2nd Target of 220 and Traders booked profit
> Bought Nifty 17400 PE at 150 which we booked with 20 points loss
> Bought Nifty 17450 PE at 120 which we booked with a small profit of 15 points
> Bought Nifty 17600 PE at 255 which we booked with 15 points loss
Overall, it was not a good day for Nifty Option Buyers.
Tomorrow, if the Nifty sustains above 17450, another upmove is expected.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17450
Sell Below - 17350
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Gap-down opening, no trade as per set-up.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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Penafian
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Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.