15700 call chart is self explanatory...... cyclical pattern has to be completed (in between swing may be there) at any cost....
Forget about the ATH formation.... no meaning...
Thursday, July 1, 2021
Reliance
Reliance stiff resistance 2164......
As long as trading below 2164...looks weak...
Avoid longs in Reliance...
This week settlement
Interesting...
Bank Nifty call premium eroded 700 points....whereas Put Moved closing basis in last 4 trading session appr.30 points...
Hence, today... I fixed small target 47 points with strict trailing s/l... due to Put Option not formed new high today, though call moved downwards very fast...
See the put option chart 30 points move (closing basis).... same dates check call premium...almost corrected 700 points....
Always keep s/l on settlement days.... otherwise, capital will be eroded.... you may be brilliant, but, s/l is must in trading...
=========================
Let us wait
As such no setups for buying naked options..
Almost another 160 point premium still left out...
Let it shrink....
Index
No range for the day....
Let us focus on weekly settlement move....
"Don't don't shrink/undervalue yourself for someone else's discomfort"
Subscribe to:
Posts (Atom)