Thinking about jumping back into P1240 at 26—it’s the resistance for now. I’ll put in 1.6L with a 50-50 stop-loss. Let’s see how it rolls. Worst case? My tail risk will be 60K gain with 20K from my pocket, so 80K total. Game on!
Just cashed out of Reliance P1240 with a 60% return! Could it go up another 45%? Maybe. But it was getting chaotic, so I took my profit. First win, in my stock options setup is officially slaying!
Tomorrow’s a holiday, so catch you on Thursday! BANKNIFTY has its final support at 50300—lose that, and it’s back to the bears. NIFTY? The bullish wave is wiped out, and it’s all bear zone now.
If something big happens by Thursday, I’ll take a look. Otherwise, you know the vibe!
Long RELIANCE P1240 as I said above 14 entered with 1L this will 50-50% Stoploss. P22900 Nifty is good Bet above 13 (50-50%) Stoploss. I will let know about this keep an eye out. BANKNIFTYNIFTY
Stox_Ware Oh, I totally get it – a little indecisive, a little boring, but let’s be real, something huge is brewing. The squeeze is real, and bears have had their grip on this thing for almost 1.5 months since October. But remember last December? The market pulled off a massive bullish run – anyone else feeling déjà vu? Plus, let’s not forget the Maharashtra elections are coming up. That state is wealthy, contributing nearly 14% of India’s GDP. And the biggest party in power can’t even get a handle on the top 3 richest states in the country. Talk about a power struggle!
RELIANCE P1240 above 12.5-14? Yeah, it’s tempting. Once it breaks 1240 on the chart, that’s major 1M support gone. But here’s the catch—need that confirmed month close to be sure, so it’s a bit tricky. A 40-60% stop-loss could work, but watching closely.
BANKNIFTYStox_Ware FIIs might be chilling, but DIIs are out here flexing with their SIP inflows, making price discovery a bit of a circus. Nifty’s clinging to that one-week support like it’s got something to prove, but let’s be real—this week’s close will spill the tea. Diwali season’s started, so everyone’s got their shopping face on. And RELIANCE? It’s basically the market’s vibe check right now.
RELIANCE Chart Not updated Maths help to rearrange level so My view : • Below 1200: Caution; potential downside • Above 1300: Neutral to positive outlook • Above 1400: Strong bullish momentum may start • Target: 1520
RELIANCE bullish trend start soon...tp is 1284
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BANKNIFTY 
SENSEX 