Always take trade with risk and reward. Those who are new to option can trade next week option as decay will be normal.
TCS is at important support level wait for price action near support zone. If tomorrow open below 3000 then support will become resistance so we will ignore that and will wait near support 2. Important: Never take trade without setup. Always trade with risk and reward. Never average loosing trades.
On Daily chart Nifty is taking support. i have sold put option 15800 and buy 15600 put (for hedging) If you want to carry positional then sell 16100 ce as well important: If support hit multiple time it become weak. Never Average loosing trade. Always take trade on setup Think about risk and reward before placing any trade.
1) Bank Nifty at important level if open flat and break resistance then breakout possible. buy above 34720 stop loss 50 to 60 points 2) If open big gap up then wait till it come near support level 34720 (Which is currently resistance) and take one call option position or sell put option stop loss 50 to 60 points 3) If open big gap down then wait till it come...
Sold call 16150 call option stop loss if any 5 min candle close above 16140
Nifty is consolidating in range we can take trade on breakout either upper side or down side
1) If nifty open flat go long target 1 : 16300 target 2: 16380 stop loss 16190 2) If nifty open gap up around 16380 expecting sideways market.
SBIN buy above 442 Target 466 sl 433 NIFTY BANKNIFTY
BUY NEAR 488 -494 TARGET 520-540 SL 474
Double Top -(For educational Purpose)