Nifty opened with a Gap-up above our Buy level of 17180 and made high around 17370 in the first half. In the second half, it broke the range on the downside and we saw a fast fall towards 17077.
Trades we took Today:
> Bought Nifty 17200 CE at 280, it made a high above our 3rd Target 335 and Traders booked great profit in this Trade > Bought Nifty 17200 CE again at 300, it made a high above our 2nd Target 335 and Traders booked good profit in this Trade
Overall, a Great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains below 17080 we may see a down move towards 17000 - 17950 zones.