Nifty opened with a Gap-down, made a low around 16830 in the first 15 mins, showed great recovery from lower levels and touched 17300 by day close.
Trades we took Today:
> Bought Nifty 17000 CE at 195 and added more at 175 which we booked at 200 due to slow movement > Bought Nifty 17250 PE at 210 which we booked with 20 points loss > Bought Nifty 17050 CE at 195, it made high above our Last Target 250 and Traders booked great profit in this Trade
Overall, a good day for Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17300 we may see an upmove.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00.