Index view

Bank Nifty Positional trend is up now...

Range is 24545 .....(s/l).....upside target is 26108 and 26453.......CMP 25384...

Nifty Positional trend is also up...

Range is 10122.....(s/l)....upside target is 10638 and 10939....CMP 10413

Rupee

Rupee may appreciate.....target 73.13 and 72.89..CMP 73.65...

Bank Nifty is fighting

Bank Nifty trying to break the "Red" wall...

Then ...call option will fly.............

25100 call

25100 call just moving between the bands.....premium playing is going on...since from morning...

My view...trend is up...buy on dip...

25100 call

25100 call ....level to be watched out 26.70...

Bank Nifty

Bank Nifty...now 24710 will act as s/l for all positional longs ......

Second Confirmation

Market reversal confirmed on Monday....based on Red Below.....

Now...second confirmation....continuation of trend today...

Details in the hangout...

Monthly Breakdown 10263

Monthly level not violated......closing above 10263.....

As such no harm to longterm breakdown this month.....(2016 breakout trend not yet broken as such)....

Index...

Reversal continuation of trend not confirmed today....

Either buy near violet or above aqua...

Oneside upmove if crosses "Aqua"...till such time....volatility between violet to aqua...

25000 Put option

25000 Put Option...544.40....is going to play a crucial role of next move....

Bank Nifty

Next move above 25214.80 or
Near support  24798.60...

Reversal Continuation

Next leg of the continuation...if price closes above "Aqua"....

Otherwise......correction....then reversal again...

193 taken out

193 taken out.....and closed above....reversal confirmed...

193

193...if taken out...trend changes...

Option selling

This week....option selling (strike price) levels...check hangout...

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...