Nifty opened with Gap-up above 17500 and we saw selling in the morning, Nifty took support near our Sell Level 17390 and again went towards day high.
Trades we took Today:
> Bought Nifty 16th Dec 17300 CE at 230 which made a high around 280 and Traders booked great profit in this Trade
> Bought Nifty 16th Dec 17700 PE at 260 which we booked with 15 points loss
> Bought Nifty 17500 CE at 35 which made a high around 52
Overall, it was a choppy day and not much for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17550, we may see 40-60 points fast upmove in the morning but 17600 is the rejection zone so be cautious.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17550
Sell Below - 17440
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 16th Dec 17300 CE at 230 which made a high around 280 and Traders booked great profit in this Trade
> Bought Nifty 16th Dec 17700 PE at 260 which we booked with 15 points loss
> Bought Nifty 17500 CE at 35 which made a high around 52
Overall, it was a choppy day and not much for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17550, we may see 40-60 points fast upmove in the morning but 17600 is the rejection zone so be cautious.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17550
Sell Below - 17440
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Subscription Plans: investproindia.in/subscription
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
