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...
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....
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...
Typo Error...
Today traded 35000 call option........ everywhere i have mentioned 35500 call......not noticed.
Sheetal has noticed, just send me a message...
Read as 35000.......
Thanks sheetal.....👍👍👍👍
Main trend, you can verify at your end....in sheet "Reversal"
As long as put option price is trading below green level..... index uptrend is intact...
If, put option price goes above green and stays above, uptrend may halt...
June 15700 put option chart is self explanatory...
Exactly, in the same day, call option closed above Green...go and check the sheet and do analysis..
Simple check to identify the main trend.....
Check sheet "Reversal" and understand...
As such, no reversal in main trend..... last two days, simply premium volatility move...
Cheers...
Sold 1 lot 15900 June month call option @ 84.20....
Sold 1 lot 16000 July month call option @ 178....
Now the weekly settlement is over for the day ..... bus returned to the terminus..i.e.starting point..
Yesterday and today... the move is as per cyclical pattern.....nothing surprise for me...
Check the 35300 put "White/Red" chart and understand...
Yesterday started from the bottom.... reached top....
Today after opening....it has started the downside journey, at the same time, call options are trapped everyone....
After 1 o clock (our positivity time).... put option, broken the low....and call option after formed low near started moving upside and hit the top ... check 35000 call...
Price moved as per cyclical pattern.....Remember this sequence, always this repeats....
Yesterday and today.... good move.... encashed... with proper s/l....
Knowledge is the money.... this kind of patterns always gives you good money....we have to wait for the setups...
Take this image print-out and paste it in your trading room and remember...
35500 call hit 181..... profit booked 3 lots.....
Entered at 89 and exited at 181.... (ultimate top is 200..)
Finally...today mission is over.... over.... over...
====================
Call Entered at 89....keeping target 181...
Keeping 104 trailing s/l and running the position..
=========================
Call Entered at 89....keeping target 181...
Exited now at 63.20......booked 17 points loss..
Placed order at 28.....
=========================
3 lots bought at 80...and keeping target 142....with trailing s/l 60 (5 minutes candle closing basis)
Exited now at 63.20......booked 17 points loss..
Placed order at 28.....
=========================
3 lots bought at 80...and keeping target 142....with trailing s/l 60 (5 minutes candle closing basis)
