Next Two days trading session - selling option bands

Option selling bands ....sure we may get minimum 40 points in two days....

Crude Oil

Crude Oil....solid reversal pullback rally 100+ points.....opportunity level posted in the hangout...

Till then....wait .....

There we can enter and encash the reversal...

Take care...and enjoy...

Gold...

Gold as such sell on rally near 1239....

Buy on dip near 1196....

Nymex Crude

Nymex Crude closed below 61.90.....

Trend is still weak.....

Bottom reversal....not validated....

Next reversal level 58.90.....CMP 61.80....

Bank Nifty

As long as 25800 call (Monthly strike) holding above 119........as such trend is up...

Index

Index trend is up...

Nifty (positional) support now shifted to 10379
Bank Nifty (positional) support now shifted to 25093....

(Nifty CMP 10548......Bank Nifty CMP 25709)...

(our charts source file : Mainweekly/positional)..

Settlement move

Naked option buying ....as such no opportunity...

Neither breaking out....nor reaching the bottom..

25700 call

25700 call.....reversal level (if it comes)....for today 45.80......CMP 130....

நந்தியம்பெருமானுடன் தீபாவளி நல்வாழ்த்துக்கள்.

புகைப்படம் : நன்றி : திரு.பராந்தக சோழன்..

Tomorrow US Mid Term Poll Results

Todal all financial jokers started saying....FII's are bought heavily....and DII's are sold heavily...

So What....?.......

Index

Today ....one more shift has happened......

In one line................"my take is buy on dip....."

Option selling

Our determined target 70 points achieved..... (selling oneside...)

Let us see...tomorrow... again....

Trend

Main trend is up....no doubt...

Always....correction....bound to happen...

My take is buying call option near the reversal point (as marked)....

Will wait for my entry.... as determined by the level.....till then....just watch...

Option Selling

This week...we will sell option ...oneside........minimum 69 ....maximum 98 points.....

Now

Now.....

Next move

Check 25600 monthly call option....Bank Nifty...

This week, price started the journey from Bottom blue...validated the top Red...

This stirke price will give the fare idea of next move....

Check the chart at your end and do analysis...