Nifty opened with a gap-up around 16730 and made high at 16768 but couldn't sustain at upper levels and we saw a selling since open. Nifty made a low at 16480 which was yesterday's low which provided some cushion and Nifty was moving in a small range in the last 2 hours.
Trades we took Today:
> Bought Nifty 16800 PE at 115, it went above our 4th Target 151 and Traders booked profit in this Trade
> Bought Nifty 16500 CE at 190 which we booked with 20 points loss
We focused more on BankNifty and took a total of 7 Trades, and booked profit in 6 Trades. Overall a wonderful day.
Tomorrow, if Nifty sustains below 16470 we may have a follow-up down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16600
Sell Below - 16470
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 16800 PE at 115, it went above our 4th Target 151 and Traders booked profit in this Trade
> Bought Nifty 16500 CE at 190 which we booked with 20 points loss
We focused more on BankNifty and took a total of 7 Trades, and booked profit in 6 Trades. Overall a wonderful day.
Tomorrow, if Nifty sustains below 16470 we may have a follow-up down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16600
Sell Below - 16470
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ความคิดเห็น:
Gap-down Opening. No Trade as per Set-up.
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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.