Wednesday, November 18, 2020

November 11500 call


November 11500 call chart is self explanatory...if price closes below white...then fall may start...



Check 12500 call December chart at your end... will give more clarity... keep watching on daily basis and check the "white" sequence change and act..


Cyclical Longterm Trend

Nifty cyclical longterm trend 1st top says ... 14850... 

Next crash may be severe ..i.e.60% correction from top.... (check last 1st top and reversal Aqua point in April 2020)

Chart is self explanatory....just for knowledge purpose to understand how market behaves based on levels...




Coromandel

 

Coromandel longterm trend is very much bullish.... CMP 770....

Next dip ... buy and hold.... sooner or later, may cross 1200 + as per longterm price pattern chart...


Weekly Option


Weekly option trade...will execute tomorrow after 11.30..... if goes near top band +/- 100 points..


"The most dangerous people are those who care only about themselves"



Visual Trend


Index.... chart is self explanatory...



As such  no change in panel pattern... bulls are having upper hand...

Check the panel... December 13200 call chart at your end for reversal.

Take care...


Gold

 

MCX gold looking weak...cmp 50149.....downside visible ....49640.....s/l...50648



Naked call option buyers...

 



Hindustan Unilever

 HUL...looking weak

CMP 2153.... s/l 2233.... downside visible target 2087....

My take...selling top band call option may be a good strategy...

Check at your end and act...


My Take

Continuing our position as per y'day...

Today, criteria.... for the day...

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Index


We have positioned as per below level....

 

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Trend

 Trend details posted in the hangout.... positions added as per weekly top band logic...