My Daily Options Trading Diary

[findvikas]

have you seen the chart closely? It formed a reverse H&S ... which once completed saw the same amount of selling... so market does respect technicals

 

[findvikas]

holding 2 lots 5000pe and 8lots 4900pe ... planning to switch entire shorts in 5000pe and make it 10 lots short at 5000pe
Happy Trading!!!

I am not quite sure what this means .Could u simplify this plz.

I will sell off my 4900PE and buy more 5000pe

 

[findvikas]

here it was... a quick and dirty move upside to complete the inverse H&S pattern

good selling opportunity for positional shorters...

 

[aditya14]

SHorted 5200CE.Ah free money is always good.

 

[aditya14]

thanks for the advice and chart Vikas.

 

[findvikas]

this is how it will look like if market has to close at the current levels..

 

[aditya14]

But i dont foresee a violent move down this series.

 

[findvikas]

lets take it step by step... first its 5045 , then 5010 , and finally 4950 where bulls might come... today no major hope but a confirmation has been made in the chart which bulls might try to manipulate in last half hour.

 

[findvikas]

now a final attempt to make H&S pattern in 5min chart (not inverse and target will be below 5045 if completed)

 

[findvikas]

its done..