Nifty opened with a Gap-up, we saw some selling in the morning Nifty came down near 17430. We saw a great upmove after RBI Policy and Nifty made high around 17640.
Trades we took Today:
> Bought Nifty 17300 CE at 195 which we booked with 15 points loss
> Bought Nifty 17650 PE at 180, it made high at above our 2nd Target 212 and Traders booked profit
> Bought Nifty 17650 PE at 50 which we booked with a small profit of around 70 due to slow movement
After the morning movement, Nifty was trading in a small range. Nifty Option Buyers booked small profit.
Tomorrow, if Nifty sustains above 17640, we may see an up-move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17640
Sell Below - 17550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17300 CE at 195 which we booked with 15 points loss
> Bought Nifty 17650 PE at 180, it made high at above our 2nd Target 212 and Traders booked profit
> Bought Nifty 17650 PE at 50 which we booked with a small profit of around 70 due to slow movement
After the morning movement, Nifty was trading in a small range. Nifty Option Buyers booked small profit.
Tomorrow, if Nifty sustains above 17640, we may see an up-move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17640
Sell Below - 17550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Commentaire:
Big gap-down, No Trade as per Set-up.
