Nifty opened with Gap-up above 17500 and we saw selling in the morning, Nifty took support near our Sell Level 17390 and again went towards day high.
Trades we took Today:
> Bought Nifty 16th Dec 17300 CE at 230 which made a high around 280 and Traders booked great profit in this Trade > Bought Nifty 16th Dec 17700 PE at 260 which we booked with 15 points loss > Bought Nifty 17500 CE at 35 which made a high around 52
Overall, it was a choppy day and not much for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17550, we may see 40-60 points fast upmove in the morning but 17600 is the rejection zone so be cautious.
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