HunnyKhanna

HunnyKhanna Updated 

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...

HunnyKhanna Updated 

The reliance is setup near 50% retrenchment level and broke it today but selling pressure came. It closed just lower than 50% retrenchment level. The bust option at this stage is to avoid trade till it crosses 1173 and than buy 1200 call i.e. valued at 23. The first target will be 1180, second 1192, third 1210. Stop loss should be kept strictly at 1162. Remember...

HunnyKhanna Updated 

Tomorrow's is expiry, take two reliance 1160 CE currently traded around 4 and hold it the day end, its a risk of 4000 but can reward you with reliance ended at around 1180-1200 levels, where 61.8% entrancement level from its low of 1018. One should watch 50% retracement level of 1168, where one call should be exited and second one held till 1180. Above 1180 its...

HunnyKhanna Updated 

Since, it has tested its support at 1100 and have zoom passed 1120 levels, next resistance is @ 1132 and crossed that it can move quickly to 1150 level. The level of 1150 is expected by Thursday expiry. My trading strategy - Buy two calls of 1140 priced currently around 4.20 with lot size of 500 each. Total investment 4200 with expiry date of Nov 29, 2018. Expiry...