Summary
Continuation of yesterday's movement Nifty broke 17750 and made low 17493 with huge crack in Adani Group of stocks. Overall just about managed to bounce and close above 200 Ema 17549. Monday can be a gapdown open with intra recovery and then all eyes will shift to budget. Being budget week with vix shooting volatility likely to continue.
BajajFinance 5800 ce Bought 210 completed Both Targets 230 245 lot 125
Bpcl Pe bought 12.5 completed both Targets 15.5 and 18 made high 21 lot 1800
Nifty 17900 ce Bought 120 hit High 139 near T1 and then hit trail sl 115 lot 50
Nifty 17700 ce bougbt 155 hit sl 125 lot 50
Overall okay day with good gains in Stock Bpcl BajajFinance. We have been on cash and next week likely good opportunity near 17300 17400 to load good quality stocks. Bar any surprise in Budget this level should hold.
#TradeAdda