Nifty opened with a huge gap-down around 16600 due to Russia Invading Ukraine, Nifty initially tried to hold but due to fear it broke all the supports and made low near to 16200 zones.
Trades we took Today:
> Bought Nifty 16700 PE at 110, it went above our 3rd Target 260 and Traders easily made profit 100% in this Trade
> Bought Nifty 16500 CE at 100, it went above our Last Target 160 and Traders booked profit in this Trade
> Bought Nifty 16500 CE again at 60 which we booked with 25 points loss
Overall, Nifty Option buyers booked great profit.
SGX showing a gap-up opening near 16500, If Nifty sustains above 16500 we may see a follow-upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 16500
Sell Below - 16390
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team