S & P

 

Now trend is up last 68 weeks.... as such reversal (positional) not visible in the charts...

But, we should be cautious on longs with proper s/l.....

Always fall will wipe out your capital, if you are not placing s/l....

In longterm charts, as such no big reversal is established, still, we should be cautious with stop loss..

Cheers...

Holding

Sold 1 lot 15700 June month put option @ 111.10...

Sold 1 lot 15900 June month call option  @ 84.20....

Sold 1 lot 16000 July month call option  @ 178....

Check

The hangout.. 

My observation..

Sent... details about bank nifty - why not able to move fast to upside...

This sequence is valid "only" for the day.... keeping first candle low as s/l....aqua/brown is target...

Study the chart at your end in "Reversal" sheet...

Cheers...

Nifty

Nifty exited at 15834...... entered at 15817......

Near the top consolidating, hence booked 2 lots...

If, markets corrects near to 15721... let us think of entry opportunity...

Index

15864 is going to be target....

Sold 15700 put 1 lot @ 111.10...