Trade entered : Nifty 16 March 17400 PE @ 145 at 10:33 @ Nifty 17384 - Trade closed at 167 @ 13:35
What favored Our Trade today :
• Trend was negative
• Nifty fell below 17392 in opening trade.
• Shorts were being added in Nifty futures as Price of of 17200,17300 and 17400 CE's were higher.
• Position Windup was seen in PE's suggested market players expectation of further fall.