ICICI Bank

Looks weak........

Bank Nifty

Bank Nifty support 24906...
Bank Nifty resistance 25128...

Maruti

Maruti....reversal level 6780....may be 200 ~ 300 point from 6780...

As such...low not yet formed...wait for 6780...keeping s/l 6618 (Closing basis)...

Index Main Trend

Main Trend still weak.........distance between the price and reversal level is far away...

Anyway......next week wants to make next entry in call option based on relief rally....nothing to panic......will make it...

Yesterday

Y'day ....25600 call upperband target 192.......not validated...

Sure....will catch....and encash....if  Monday....level suggest again....

Waiting for 274 to cross

Bank Nifty Reached First Level.....

Next breakout...oneside....put option...breaks the marked level....

There again...we can enter....for call option...

Reversed

Check....

Trend now

My take is ....waiting for call option......have patience...

Bank Nifty

Bank Nifty call option not yet reversed....

Let us wait......

No trade....

Nymex Crude

Nymex Crude consolidating and not able to close above 72.41....

Important levels ...70.26 /  72.41 and 73.47...

Midterm target 78.43.....

Always remember the s/l.....

Index

Next week Bank Nifty 25300 call option holding the support 123.....

Still....waiting for enter call option on reversal...

Let us see...tomorrow....if we get opportunity...we will encash..

Wait

Wait... no clear opportunity...

Both call and put....trading between the levels (band).....premium shrinking...

Squared off - Option Selling - Net result 64 points Profit

Today impact

Yesterday Impact

Net profit 64 points this week.....selling options...as per logic....refer previous post....

Bank Nifty Selling Option - as such

Our Determined level posted on Monday...(in hangout)...

End result (y'day told to sell near closing).....today....hope Hari encashed and exited....next week option...

Sixth week.......with protection....working out.....only needs margin....

Hang on

Call option no entry .....no candle closed above our level...

Hang on...

Moreover....25642 is our target...above 25221 (refer y'day post)....morning gap up , high formed today is 25619.95...

No entry....today......