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Long Naked Put

Short
NSE:APOLLOHOSP   APOLLO HOSPITALS
Long Naked Put of Strike 1620
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The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move
RSI is also in Overbought zone
Daily Time frame shows Pivot Resistance

Happy Trading...
Trade closed: stop reached: Although it was Range bound for quite a few time but later the resistance was broken and an Upmove was seen

Comments

I overlooked the fact that a long Green candle signals high Bullish sentiment and there is a possibility that the Resistance would be broken and a rally may be seen

Sorry Guys will remember it next time
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