Nifty 17,700 Call Option of 16 Mar 2023 expiry was also a strong buy as of yesterday’s closing. This option was suitable for buying today morning at 50 for target 72, giving 44% gain. This option can go till 100-110 and it can be used or long-side Nifty trading till 10th March. Trader need to trade with limit orders in the system, and hold the option for minimal possible time.
For this week, our top pick for Nifty Options Trading has been Nifty 7500 Call Option of different expires: 09 Mar 2023, 16 Mar 2023, and 23 Mar 2023.
Following is the performance summary of the main Nifty Option trading today: NIFTY 09Mar2023 CE 17500
It was a strong buy at closing yesterday near 67, and it gave over 50% gain by today’s closing. Trade Summary: Buy at 67, Sell at 103, giving 53% gain in one day. However, this reliable setup took some time to come, after more than a week of waiting.
We can continue trading with this Nifty Call Option for target 150-160. For example, we can buy tomorrow at 103 for target 153.
Bank Nifty has been stronger than Nifty in the last 2 weeks, and the Bank Nifty Call Options have also given good gains.