17000 PE writers might be trapped at opening and would look to cover. Look for reversal oppurtunities around 16850-16860 around previous day low If Previous day Low not sustained, pyramid on the shorts
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16,862 current day low around 12.20 PM IST Reversal possible from here
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Superb 100 Points reversal.. 16,962 around 1.05 PM Now just trail the Longs for another 100 points recovery
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Another upside 100 points achieved at 1.50 PM = 17,062 Trade closed