on a daily and hourly timeframe, National AL is showing bullish Divergence , based on Open interest data stike price 65 has a good resistance however strike price 60 has a good support as well. need to see call writing at 60 and 62.50 stike prices.
based on the hourly time frame an entry can be made at 62.30 and above with and SL of 60.
Outlook: Bearish. Trend is bearish as It continue to stay below 200-day EMA. As well, MACD signals bearishness by heading below zero. Expect this series would be below 72. Suggest to write 75 call @ 0.55.
Entered on 24 Jul 18 on 60.6 with a stop loss at 57.5
TSL update on 30 Jul 18 from 57.5 to 60.25
TSL update on 07 Aug 18 from 60.25 to 64.90
Current Trailing Stop loss = 64.90
In case of hitting stop loss confirmed profit of 4.3 points.