Index

Call option....not yet confirmed the solid reversal....

Market gap up......however...i may not buy call option...

Let me wait for my turn...

Bottom Out Buying

Call formed top and now...the call will is going to form the bottom...

If touches bottom 29.85 level......time being.....that is going to be the intermediate low....

Will post details in the hangout...if price hits our level...

Next Week

Next week...is going to be very much interesting....breakdown or intermediate reversal...

Index is in crucial juncture....(Deciding factor)....

Waiting for the entry...

It has to happen next week .....

Reliance

Reliance weekly close below 1007..... further week...

This week...1007 will act as crucial level...

Why because.....see (below chart) Maruti breakdown below 7952....1000 points fall...

Cheers...

Monthly Breakdowns - Interesting

Historical Chart from 2006 to till date.

Based on cyclical pattern...after breakdown.....minimum 15% to 30% fall has happened in the past...

Now...nifty is going to close below the breakdown level 10263....(if closes below 10263)

Will nifty fall another 10 ~ 15%.....from 10130....i.e...8700 level....?  (bullbacks are there always...but...not closed above previous candle high in all the sequences)

This is my observation for knowledge and study purpose

Let us see...how market behaves....

Previous sequence and present 

மரியாதையான குடும்பம்

"மரியாதையான குடும்பம் என்பதால் விமானம் தயாரிப்பதில் அனுபவம் இல்லாத ரிலையன்ஸ் உடன் ரஃபேல் ஒப்பந்தம்"  - DASSAULT  CEO...

மரியாதையா....then we have to get out of Reliance Infra also.......

மரியாதையா 180 க்கு வந்தா வாங்கலாம்...

Rel Capital

Reliance Capital my buying level is 88..........   (போனாப்போவுதுனு 88 ல் வாங்கி பாக்கலாம்....)

Index

Reversal trend ...today also....not yet confirmed...

Call option trading below the level....let us do some other work.....

Yes sure

Our friend sold (and holding) 25000 put at 698 for a target of  575.....and keeping s/l 780.....as per logic....

Advance congrats.....all in the game.....anyway you have s/l......let us see...

(Refer my volatility band post....).....

Volatility ends ?

Volatility sequence completed ?...

Will post my view in the hangout....

Today opportunity

24568...is the opportunity level for today...

Volatility band

Price reached the volatility band....again....

SBIN

Our friend Moorthy says .....SBIN is weak.....downside target 226.80....

Index

Today levels again says.....reversal not yet confirmed....(pullback oneside reversal)....

Next trade

Keeping buying order at 49.40

and

buying order at 8.20....

for today...

Option selling...

Yes....it is zero today......our target is 38 to 52 point.....encashed 41 points profit....

Pre-determined level (top and bottom)...

Today both strike price is "Zero"...

Needs logic / patience with margin money...