Nifty opened with a small Gap-up around 16650 and after making a low around 16600 we saw a good rally towards 16880 zones and Nifty closed near day high.
Trades we took today -
> Bought Nifty 16700 PE at 215, it went above to our 1st Target 235 and Traders booked profit
> Bought Nifty 16700 PE at 175 which we booked with 20 points loss
As BankNifty was looking stronger we did take only 2 Trades in Nifty.
Tomorrow, if Nifty sustains above 16900, we may see another upmove but be cautious near 17000 as it is s psychological resistance.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 16900
Sell Below - 16760
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 16700 PE at 215, it went above to our 1st Target 235 and Traders booked profit
> Bought Nifty 16700 PE at 175 which we booked with 20 points loss
As BankNifty was looking stronger we did take only 2 Trades in Nifty.
Tomorrow, if Nifty sustains above 16900, we may see another upmove but be cautious near 17000 as it is s psychological resistance.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 16900
Sell Below - 16760
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trading ditutup: target tercapai:
Sell Trade Triggered and All Targets Done.
