My System - My trades.

[varunkochhar]

Varunji whats you view on 23000 BNF CE expiry 11thMay??

Checkmate ji i just gave my views above. If BN were to trade below 22840 then this call may not suceed. Above this it could be good.

 

[varunkochhar]

Read that as 22830 as SL (as earlier low was 22837)

 

[varunkochhar]

For today the point of reckoning is 1347.2 in Reliance.

 

[varunkochhar]

As per today's trading these are the levels where the lowest volume of the day was made as per 1min.charts.

Yes Bank : 1600.30

NiftyFuture : 9352

Maruti : 6622.80

Tata Steel : 436.85

Reliance : 1324.60

Out of these Nifty (marginally) and Tata Steel closed below these levels. These levels would come into play tomorrow too. This just for observation.

i feel these levels or the pivots formed or that will form tom. near them should provide good support and resistance levels.

Maruti low 6635 and high 6706.

Reliance low 1330 and high 1352.

Nifty Low 9357 and High 9412

Respected levels.

 

[varunkochhar]

Yesterday's support of 22735 also respected in BN as low 22770 and high of 22878

 

[varunkochhar]

Reliance High 1357 (80% target achieved)

 

[varunkochhar]

It seems that we should have expiry above 22700 looking at the aggressive writing of 22700 Puts.

 

[varunkochhar]

I have bought 23000 calls at 17. Let us see. Expecting 30.

 

[checkmate7]

I have bought 23000 calls at 17. Let us see. Expecting 30.

I have at 22

 

[varunkochhar]

I wish you all the very best for your chances. First time I personally feel I would like to be wrong, just for you.

John Ji where are thee. With your good wishes in Reliance almost 90% of the target met (approx 1360)