Good Morning tqna folks,
Market has surprised my expectation by surpassing 18160 mark which I thought would not be breached that easily and is now in touching distance to test ATHs once again.
I took SL of 75 points in 2 days. part of the game.
I will look to sell on rise (ill use the strategy of buying feb put options which will give me margin of safety in case of any adverse move )
I’ll be trying to buy 18500 and 18200 puts of feb slowly till this weekend. Im expecting 17700-650 to test once.
Stock specific longs can obviously be initiated till budget.
Update 1 : as expected 18160 level is now acting as support. further fall only below this level me thinks.