Index

Now...nifty future 10883 will act as stop loss for short...

As such trend is weak.....s/l 10883 is mustttttttttttt...

1st Punch 20% encashed

1st Punch 20% encashed.....

11000 call sjhort....1st Level 112 reached.......

Index

Nifty 11000 Put option closed above 218.90...

Bank Nifty 27000 Put option closed above 238...

Good start - congrats

Good start....congrats...

Index....Next move

Positional trend .....my gut feeling....whole month...trend may be up up up....

Before any big move......one more correction may be on the cards.... +/- 120 points...

Let us see....

Stay in hangout...will post details soon...

Index Monthly Charts

Both indices....taken support at the monthly breakdown level...(not violated)....

Will indices ....make new highs ?

Index Charts

Charts are self-explanatory

In nifty...missed the re-entry....lesson learned......point noted....

Whereas ....bank nifty without any trap...moved and traded above white....

Nifty

Nifty closed above 10685.....now visible target upside 11215.....

Now s/l for all longs 10619.70...closing basis....

CMP 10915.....

As per chart pattern....positional trend next 4 or 5 weeks....trend may be up....(in between volatility may be 180 to 235 points)...

My take is as long as s/l 10619.70 holds....buy on dip...

Biocon

Biocon....weekly level closed above 613.......now trend is up..

Keeping s/l 601.....upside targets as per level looks 654  /   672...

Always s/l is "Must"

Congrats

Congrats...........

Bank Nifty

Bank Nifty....today next shift....

Bank Nifty Selling Option

Almost neutralised......39 points... profit per lot as of today...

8th consecutive week......total profit 536 points.... (only 1 trader per week...total trades 8 )...

Selling Options

Selling option......first day itself.....achieved  1st  targets...

Index

As such no reversal ........higher level short........

Waiting for some pullback upside....no confirmation as such...

Bank Nifty

Bank Nifty 26100 put....closed above 157......next level is 417....cmp is 239...

S & P

S & P ....now the trend is potentially weak....

May be 200 point cut from current level.....2628.50...

This time...pullback may not be possible...

Just my observation....let us see...