Nifty futures indicated its move towards north direction in the morning itself and a strong up move from 11 am on wards till the close saw nifty gaining 130 points.
As posted we were able to catch options and still holding the same to book a profit 100%.
These are intermediate reversals and it is like boarding a running train and getting out while in motion. One must be extremely careful in handling options. Any over confidence will wipe your capital in minutes. So catch moves as and when it happens and keep reaping gains.
Nifty saturation level 10262 BNF 24440.
Happy Trading!!
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