Thursday, July 6, 2023

Geetha says

The market uptrend remains intact, and corrections are being taken advantage of buying at lower levels.

Read the market structure properly,  don't compare today's markets structure with 2008 structure... 

Use the opportunity... this kind of opportunity happens once in few years...

Cheers....


S & P

Structure .....



Trend

As such no position...  because,  Nifty validated the saturation level 19540 

Let us wait for swing bottom for re-entry....

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

Trend

Main trend is on buyside.....

Support is faraway.... hence, corrections are imminent...

Range of nifty 18218 ~ 19540...

I feel, 19540 on the cards....

This is, overall picture.

However, we use our reference points as reversal area and identify the trend....  our reference point is always unique in nature and law of science...


 

Finally

Bank Nifty 45300 call option  bought at reference point 25.60 and exited at 78....



Congrats

Congrats Amir...  Bank Nifty 45200 call option..... sequence change / reference point...setup en cashsed.



Done

Reliance / HDFC  Bank call option en cashed..

Now...Geetha kept 134 target...