My bias is bullish till POC point of control level 21368 holds and push upside breaking upper range 21738. Below 21018 strong bearish that I'm aware of. 23022 is the upper range target and below 20030.
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Dow 3hours is certainly bullish too
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Break out happened. Tomorrow gap up for sure another 1K move.
Brought BNF 22,200CE @ 350 (July 2nd expiry)
Is it safe to hold on Monday ?
If yes when I have to book profit ? Please suggest me the target levels..
If no when I have to exit ? Please suggest me the Stoploss levels...
Please advise me.
Ilikethehell
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@subhashsurabhi, I won't advice to carry any index options till the range broken.... Caryying option in this scenario is totally stupidity current price in a consolidation zone where options premium erode so fast that a smol or little big move you won't be able to cover. better stay away right now look at the range levels mark down and tacke action accordingly is a good idea.
Ilikethehell
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@subhashsurabhi, another one. in my experience buying options stop loss doesn't work it's the liquidity to market you pay. btw taking profit it all depends on your analysis and price target where you should get out and get at the right time. remember timing is the only matter buying and locking the profit.
Is it safe to hold on Monday ?
If yes when I have to book profit ? Please suggest me the target levels..
If no when I have to exit ? Please suggest me the Stoploss levels...
Please advise me.