Nifty opened with a minor Gap-up above our Buy Level 17650, first half was all choppy movement but in the last hours it gave a trending move and closed above 17800.
Trades we took Today:
> Bought Nifty 17500 CE at 210 which we booked with 20 points loss > Bought Nifty 17850 PE at 170 which we booked with 15 points loss
Overall, it was a bad day for Option Buyers.
If Nifty sustains above 17830 tomorrow, we may see another follow-up upmove.
My take on nifty