hi friends,
This bounce was expected reliance had gone in oversold zone and so they used reliance again for the bounce.Now still we are little faar away from what we call reversal.Such DEAD CAT BOUNCE are necessary in falls otherwise it is bad for markets.Such dead cats signify further falling and this becomes a nice cycle.
My wrong trade after long time which is DEC 5100 call is dead and i have lost hopes on that but I am nicely enjoying my ride on written calls at top and surely I am gonna win on those.So m relax.This is because i had chosen winning trades and even if i entered risky trade i was invested in small so giving me enuf cushion.
5100 call buyers like me who are stuck i told u we were gonna wait till 20th December i am gonna holding we are already butchered on that trade so no point covering now as my hopes of rises are lost.
You take ur own call on that.
as i had told in my last plot that aggressive traders can start 4300 put write have benefited a lot today i was not in that trade as i preferred staying out.
Put buyers like lets wait reversal is yet away markets are surely go down again but this time its high time to exit as u must be seeing charts we are approaching the bottom.
Like i said monthly close above 4700 is imp for them to start something like bull market but not necessary lets see whether that is targeted or we end down only.even deeper.
Share my blog link with your friends relatives.
bye
WB Ji, So better we do not trade today. And we shall wait for more confirmation. Nifty is yet to touch the lower trend line support - I think.
ReplyDeleteMay God Bless all of us,
Warm Regards,
Bulan
Sir can we write 5100 put tomarrow at opening and wait still expiry
ReplyDelete@bulan Sarkar :- it great that you are choosing wise trades.I wanted to ask one thing do you know any good resource for charts which are updated on daily basis with indicators.?I use yahoo finance but donno at times they dont update on EOD basis so fastly.
ReplyDelete@others :- if u know any good site which updates indicators and charts on daily basis pls quote in comments here.
@maxy :- 5100 put write ? you have confused do u mean call then it will be wise trade.5100 put write has diff meaning pls check.
ReplyDeleteNow 5100 CALL WRITE IS GOOD trade especially JAN series but markets are very clumsy.
REALLY SAFE TRADE IS TO WRITE 5300 CALL JAN SERIES.
OR U CAN DO COMBINATION OF BOTH WRITES.
prefer feasibility between faar and good price.
Thanks sir
ReplyDeletenifty options trading strategies for today
ReplyDeleteBANK NIFTY TREND- BEARISH
RES1:11030 RES2:11165
SUPP1:10670 SUPP2:10505
STRATEGY- SELL ON HIGH