Nifty opened flat today, we saw some selling but yesterday low acted as support, we saw a great recovery, and Nifty closed above psychological resistance 17500.
Trades we took Today:
> Bought Nifty 17600 PE at 170 which made a high above 240 and Traders booked great profit in this Trade
> Bought Nifty 17600 PE Dec Expiry at 330 which we booked with 5 points loss
> Bought Nifty 17400 CE 2ND Dec at 200 which we booked at a cost due to choppy movement
Overall Good Day for Nifty Option Buyers and Traders booked Great profit in Morning Trade Only.
Tomorrow we can see an up-move if Nifty sustains above 17560 but 17600-17630 is resistance zone so book profit quickly.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17560
Sell Below - 17450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 17600 PE at 170 which made a high above 240 and Traders booked great profit in this Trade
> Bought Nifty 17600 PE Dec Expiry at 330 which we booked with 5 points loss
> Bought Nifty 17400 CE 2ND Dec at 200 which we booked at a cost due to choppy movement
Overall Good Day for Nifty Option Buyers and Traders booked Great profit in Morning Trade Only.
Tomorrow we can see an up-move if Nifty sustains above 17560 but 17600-17630 is resistance zone so book profit quickly.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17560
Sell Below - 17450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
הערה:
Gap-down Opening. No Trade as per set-up Today.
