Trend is sell on rally....
11500 call option chart is self explanatory...
Thursday, September 6, 2018
Index
Just relief rally......may be max...27712....
Downside Critical Resistance 26936....
As such trend is weak......all relief rallies....sold into.....
No longs in scripts at this juncture....
Avoid investments....
Option Selling
This week....predicted level...posted in hangout....
Strike Price sold 27600 Put and 28800 Call as per logic...
Total Premium - 339.70...
As of Today - 345.30.
Net Profit - 5.60 loss per lot....
Eventhough (if you are not concerned about trend reversal) market moved sharply downside.....still ....the trade is safe........
This is the power of selling option with logic...
Reliance
Reliance .....trading above 1243.20.....
Today range... keeping s/l 1227.80.......1st Resistanc 1258.90.......CMP 1247.80....
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