Nifty opened with a gap-down around 16610, Nifty faced rejection near 16680 and we saw a drop towards 16480 zones. We saw a good short-covering move in the last hour as Banks were oversold.
Trades we took Today:
> Bought Nifty 16600 CE at 205 which we booked with 25 points loss
> Bought Nifty 16600 PE at 200, it went above our 3rd Target 236 and Traders booked profit in this Trade
Overall, a choppy day. Nifty Option buyers managed to recover the morning loss.
Tomorrow, we may see an upmove if Nifty sustains above 16650.
Expectations for Tomorrow: Range-bound day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above - 16650
Sell Below - 16550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought Nifty 16600 CE at 205 which we booked with 25 points loss
> Bought Nifty 16600 PE at 200, it went above our 3rd Target 236 and Traders booked profit in this Trade
Overall, a choppy day. Nifty Option buyers managed to recover the morning loss.
Tomorrow, we may see an upmove if Nifty sustains above 16650.
Expectations for Tomorrow: Range-bound day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above - 16650
Sell Below - 16550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Sell Trade Triggered, 1st & 2nd Targets Done.
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We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
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📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.