Nifty opened with a minor Gap-down around 17775, we saw a big rejection near to 17800 zones and there was selling in Nifty since open.
Trades we took Today:
> Bought Nifty 17550 CE at 173 which we booked with 18 points loss
> Bought Nifty 17700 PE Feb Expiry at 275 which made a high above our first Target 300 and Traders booked great profit
> Bought Nifty 17500 CE at 162 which we booked around the cost
> Bought Nifty 17700 PE Feb Expiry at 310 which made a high above our last Target 380 and Traders booked great profit.
Overall, a great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains below 17500 we may see a fall towards the 17400 - 17380 zone.
Expectations for Tomorrow: Trending day.
Intraday Levels:
Buy Above - 17650
Sell Below - 17500
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17550 CE at 173 which we booked with 18 points loss
> Bought Nifty 17700 PE Feb Expiry at 275 which made a high above our first Target 300 and Traders booked great profit
> Bought Nifty 17500 CE at 162 which we booked around the cost
> Bought Nifty 17700 PE Feb Expiry at 310 which made a high above our last Target 380 and Traders booked great profit.
Overall, a great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains below 17500 we may see a fall towards the 17400 - 17380 zone.
Expectations for Tomorrow: Trending day.
Intraday Levels:
Buy Above - 17650
Sell Below - 17500
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade fechado: objetivo atingido:
Sell trade triggered, 1st Target done.
