Wednesday, February 8, 2023

Tomorrow

Weekly settlement is going to be interesting...

Sheetal will post the reference point tomorrow morning.... 

Sure... we will get a doubling opportunity....

As such no setup... reference formation may be after 1st candle formation...

Cheers....

Tomorrow - Gupta's day...  https://www.youtube.com/watch?v=SJ5DY2urI3g



Gold

Gupta says..... Gold may test once 1845.30 level... (support)...

As such no trend or setup..... 

Says...wait and watch...

His analysis based on levels....👇👇👇



Nymex Crude

Nymex crude reversed from our level 72.32 to 78.45  (our top band 78.75)

Now avoid crude .... trend will be neutral..

As such swing reversal is over...



Gold

Holding above 1871.... however, follow up "Buy" setup yet to confirm...


Bank Nifty

Closing premium is 320 points....


Gupta says

Holding March month end 18500 call option short 111.20... (adjusted cost)...

==========================

Gupta says

Sold Nifty March month end 18500 call option @ 105.40 and holding..

Target is 76 ~ 81....


Today

No setup .... no trade...

Cheers...


Gupta says

Booked profit at 34.20..


======================

Gupta says

Sold 17800 put option at 56.80...keeping target 34.20


As such

No setup.... wait for 1.30 sequence change...

Still the premium is around 420 points...

Wait...      https://www.youtube.com/watch?v=-wG_wCQFjY4


Watch

Reference point 26 ~ 34.....

Wait for setup...


No setup

Premium has to shrink...wait...

Either one will validate the reference point...then we will enter....with confirmation

As such no trade...


Bank Nifty

Premium is 489 points....

Have patience...wait.....

As such no naked option "Buying" setup...


Gupta says

Sold 17800 put option at 56.80...keeping target 34.20


Be yourself

... Don't give undue importance to the society ...

... Be yourself ...

💜💜💜💜