My previous call for the month of June had it's long targets acheived. However, market seems to be taking a breather and the Risk:Reward for Shorts are much more favorable. I personally don't think that NIFTY will cross 11k this month looking at the condition of the economy.
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As mentioned in the chart i have Bought 2 lots each of put options at the strike prices of 10400 and 10000. My stoploss for this trade would be 11k on NIFTY, which seems a very high valuation for the market in the present conditions.
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Chance for Re Entry!
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Seen a good fall today! Be ready to book profits at T1 incase it respects the trendline and doesn't break down. However looking like a good trade. Put your Stop Losses in place if you want to be safe