15500 put option @ 116.80...
Keeping target 97.80...
Friday, July 2, 2021
15900 call short follow up
Covered at 102.90....
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15900 call short follow up
35200 next week call option
Sishyan says...
Bought 35200 call at 134.30..... will hold with closing basis s/l 72....
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Sheetal observation not yet initiated....either at 23 or above 67 (hourly candle basis)....
15900 call short follow up
Thursday, July 1, 2021
Index
15700 call chart is self explanatory...... cyclical pattern has to be completed (in between swing may be there) at any cost....
Forget about the ATH formation.... no meaning...
Reliance
Reliance stiff resistance 2164......
As long as trading below 2164...looks weak...
Avoid longs in Reliance...
This week settlement
Interesting...
Bank Nifty call premium eroded 700 points....whereas Put Moved closing basis in last 4 trading session appr.30 points...
Hence, today... I fixed small target 47 points with strict trailing s/l... due to Put Option not formed new high today, though call moved downwards very fast...
See the put option chart 30 points move (closing basis).... same dates check call premium...almost corrected 700 points....
Always keep s/l on settlement days.... otherwise, capital will be eroded.... you may be brilliant, but, s/l is must in trading...
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Let us wait
As such no setups for buying naked options..
Almost another 160 point premium still left out...
Let it shrink....
Index
No range for the day....
Let us focus on weekly settlement move....
"Don't don't shrink/undervalue yourself for someone else's discomfort"
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