Nifty Bank IndexTelah dikemas kini

Sideways to bearish move likely today

View Mostly sideways to bearish after the sharp uprun. Market might correct and test the new CPR in the immediate term.

Sold a FAR OTM CE hedged as I always do.

No Strangle so far. If view goes wrong by sustaining above VWAP for the next 1 hour might take a PE position.
Nota
Held to the view.. Sideways mostly. Decay of CE has gone well. Selling a far OTM PE looking at the sideways move with Strict SL.
Nota
The Weekly R1 has held the resistance..
Nota
Good decay on both sides so far.. PE now decaying as the push to upside kicks in at 12pm. Interesting to watch if BNF breaks Day high.
Nota
Day high taken out but volume is not giving me the confidence to go long. CE Trailing SL hit. If the it reverses back might get back to the CE Short. Holding PE short for now.
Nota
There is just no steam in the market :) Cant play directional shorts till some momentum comes in..
Nota
Next possible change at 2pm. Lets see if volatility kicks in.. Its been an eventless market so far..
Nota
It did Breakout but again Volume?? PE is still decaying as it should
Dagangan ditutup secara manual
closed all positions.Market did reverse and move above morning High but held so far without going for the Gap. LIkely move on Wednesday.

Penafian