17217 ! The Absolute Top for Nifty - Target 15735 - October 31

Nifty made its absolute Top.
You can buy monthly puts of September and October at cheapest prices premiums can go from 3x to 5x in next 2 months . Agressive selling coming from tommorow.
Upside limited Downside unlimited .
Ankit Tyagi - Stock Data Science

Trade closed: stop reached:

StopLoss is reached . I have shorted market for another 2 Lakh INR by buying October and November Puts . You guys please don't risk so much . I have Portfolio of 1.7 Cr approx . I can bear another 7 lakh loss easily . Please be wise and don't short more . God bless You all .

Comment:

Comment: Position Open till 15 September - 2.15 Lakhs ----
Position Open on 16 September @ 17500 - 2 Lakhs ----
Total Position Open Now 4.15 Lakhs ----
Floating Loss - 1.47 Lakhs ----
September Puts Loss - 96 K ----
October Puts Loss - 51 K ----
Will Update More in coming days

Comment:

I am carrying floating loss of around 1.9 Lakhs now . I can see divergence as well @17855 , if it reacts accordingly , will short more .
Divergence parameters -
1 - Volume and Price Negative Divergence
2 - RSI and Price

Comment:

NEW IDEA PUBLISHED ! You can check . Will update options positions also.