Update - 8 January 2019

  • I think on 30 minutes chart we are forming a reversal pattern.

  • If 27340 is broken with intensity then we can see more upside.

  • Right now it is a sideways market.

  • Post 27340 I added another bull put spread. I am not sure whether it was a failed breakout again. Keeping a close eye. Might exit if price movement seems fishy. Failure to move up means that it is extended sideways movement and will eat out stoploss and profits at both sides.

  • Now I am in a comfort zone.

  • Added 2 lots of naked call of 27800.

Here are my overall positions right now. I will add bullish positions only above 27340. I might even add some bearish spreads for two days horizon just to catch the sideways movement or time decay.

Rohit Katwal

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