Nifty opened with a gap-up near our Buy level of 18240 and we saw a good upmove towards the 18310 zones. The price couldn't sustain and sellers again dragged below Thursday's low.
Trades we took Today:
> Bought Nifty 18300 PE at 130 which made a high above 300 and Traders booked great profit in this trade.
We took only 1 Trade in Nifty as already booked great profit In BankNifty options. Overall, a great day for Option Buyers.
Expecting morning volatility tomorrow as Reliance Result was announced on Friday.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 18150
Sell Below - 18040
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team