No change..... trend is neutral...... trapping zone.... wait for clear breakout or breakdown...
Today...perfect price action, go and check the hourly sequence change move..... all set...
We are positioned, options sold...
Naked options.. check the hourly sequence change levels at your end...and be ready...
As such, no naked option position at our end..... (Hope Sheetal may be ready for tomorrow)...
Reliance, 2153 closes below, trend may be weak.......s/l should be 2221 and downside visible 2074....cmp 2161...
Switched over to next month...sold at 109...will hold till thursday...no s/l..
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Keeping target 74.30....s/l 106.40
Sequence change means not gap down or gap up (no meaning)...
Check first hourly sequence change and decide.... (for the day)...
Will post my view in the hangout may be at 10.30.....
Cheers....
Index for the day 11841.10 ~ 11921.20...
Morning first hour sequence is more important for the day....