What next? Some new strategies

My strategies ICICIBANK and INFY are steady.
Sold 6000 NIFTY CALLs for December expiration.
Market is "Sell on rise" mode till NIFTY decisively crosses 5680 in spot. PCR is still near 1.There is no clear trigger for market to take conclusive direction. Tomorrow even if there is gap up opening, market will find difficult to chose upward direction. Hence, in short market will be in narrow range.

For tomorrow
Sell November NIFTY Future if it goes below 5636. Target 5604. SL 5668
Buy Tatasteel future above 401.60 Target 409.25 SL 391

Option Strategy:
Buy KTKBANK 130 PUT November expiration @ 3.60
Sell KTKBANK 125 PUT November expiration @ 2.05
Sell KTKBANK 170 CALL November expiration @ 0.70

Maximum loss in this strategy could be 3400, and profit could be 16000/- at expiration if KTKBANK goes near 125. Risk reward ratio is favorable.
It seems around 144-145 KTKBANK should complete 3rd wave and should retrace up to 125 before end of the month, hence this strategy.

Disclaimer: This blog does not take any responsibility of your profit or loss.