Reliance is witnessing a strong uptrend and have crossed a critical resistance level and consolidated around 1168. Time has come to take long positions as it can easily give significant returns in Dec'18 itself. The best way is to buy Reliance 1200 CE priced at 23. This call can easily double over this week. However, Keep a stop loss of 1160 below which you should exit the position. Also, there are some things you should watch out Dec 08, 2018. The elections result date which means you should not carry position over the weekend unless you are comfortable with the risk taking as it means chance to earn tremendous profit or facing losses.
Trade closed: stop reached:
Stop loss trigger, position exited at loss.