Nifty Trend

Trend is sell on rally....

11500 call option chart is self explanatory...

Index

Just relief rally......may be max...27712....

Downside Critical Resistance 26936....

As such trend is weak......all relief rallies....sold into.....

No longs in scripts at this juncture....

Avoid investments....

Option Selling

This week....predicted level...posted in hangout....

Strike Price sold  27600 Put and 28800 Call as per logic...

Total Premium     -     339.70...
As of Today         -     345.30.

Net  Profit            -         5.60    loss per lot....

Eventhough (if you are not concerned about trend reversal) market moved sharply downside.....still ....the trade is safe........

This is the power of selling option with logic...

Reliance Hit

Reliance Hit 1258.90........

Reliance

Reliance .....trading above 1243.20.....

Today range... keeping s/l 1227.80.......1st Resistanc 1258.90.......CMP  1247.80....

27400 Call

Range is 39 to 94.......as of now.....

Tomorrow

This option....sure upmove tomorrow........will post details in hangout....

27600 Put Option

Bank Nifty 27600 Put Option chart is self explanatory...

Bank Nifty

Bank Nifty...finally closed above 1st support 27313......

Hope...relief rally tomorrow....

(If...breaks 27313...then final reversal "U" turn level 27085..)

HCL Tech

HCL Tech hit 1078....without any hurdle (positional trade)...

Bank Nifty

Bank Nifty Future....next support 27828....

Index

Now...index is weak....no longs.....

Nifty S/l           ....  11734
Bank Nifty S/l...... 28294

Selling Option

Bank Nifty total premium is appr....296...

Bank Nifty

Bank Nifty solid support at 28143.80.......

Bank Nifty

28200 Put..........294...
28100 Call..........69...

Put is trading above the (Aqua) Level...

Selling Option

Tomorrow will post details of Top/Bottom forecast levels...in hangout / watsapp...

Start with 1 lot basis.....with proper s/l ....(i.e.top band / bottom band as closing basis)...