Today

 Why bank nifty has reversed...?

First day of the week...normally bottom level may not break easily in the first attempt...

Check 35000 weekly call bottom Red/Aqua level in "White/Red" sheet....

It has bounced from bottom level....  

Check at your end and understand...

(Don't try in the second attempt...)

Holding

Sold 2 lots 15900 call option sold at  88.30

Sold 1 lot 16000 July month call option  @ 178....

Index

 

Good volatility..... morning shorts are trapped nicely...

Next two days, use swing reversal...

Positional - trend as such not reversed to positional short...

Sold

2 lots...15900 call option sold at  88.30..

Keeping target 74.60....

=======================

15900 call short follow up

15900 call short booked at 54.10......

Again sell order placed 2 lots @ 88.30...

Index

As such no positional short...

However, swing is going to be 15662 ~ 15798..

This week, we may see the good volatility...

Both call and put gives you opportunity...

Morning put option setup encashed...

As such no open position in "Naked option"

Holding 1 lot call short July 16000...

15900 call short follow up

15900 call short booked at 54.10......

Again sell order placed 2 lots @ 88.30...

15600 Put

Perfect entry Mr.Gupta... good analysis.... 

Congrats....

15700 put short follow up

Exited at 124.20

=============================

Holding

Sold 1 lot 15700 June month put option @ 111.10...

Sold 1 lot 15900 June month call option  @ 84.20....

Sold 1 lot 16000 July month call option  @ 178....

Posted by S.Shankar at 6/11/2021 03:33:00 PM No comments:    

Index

Index range for the day 15712 ~ 15843..

My preference, if goes near to higher point, sell call option 16000....

"Believe yourself, you are extraordinary"

Tata Steel

Observation from Sishyan

Tatasteel 1100 call option is active again....

Range is 12 ~ 90..... (for levels...check ..."white/red" chart at your end)...cmp 61.50

Let us keep in our list...

Any opportunity, we may enter....

Bank Nifty

Bank nifty trading below 35600...strength is looking weak... compared to Nifty...

S & P

 

Now trend is up last 68 weeks.... as such reversal (positional) not visible in the charts...

But, we should be cautious on longs with proper s/l.....

Always fall will wipe out your capital, if you are not placing s/l....

In longterm charts, as such no big reversal is established, still, we should be cautious with stop loss..

Cheers...

Holding

Sold 1 lot 15700 June month put option @ 111.10...

Sold 1 lot 15900 June month call option  @ 84.20....

Sold 1 lot 16000 July month call option  @ 178....

Check

The hangout.. 

My observation..

Sent... details about bank nifty - why not able to move fast to upside...

This sequence is valid "only" for the day.... keeping first candle low as s/l....aqua/brown is target...

Study the chart at your end in "Reversal" sheet...

Cheers...

Nifty

Nifty exited at 15834...... entered at 15817......

Near the top consolidating, hence booked 2 lots...

If, markets corrects near to 15721... let us think of entry opportunity...

Index

15864 is going to be target....

Sold 15700 put 1 lot @ 111.10...