Niftymetals: September 23, 2020

Wednesday, September 23, 2020

Gold is weak.....no long...MCX 49545... as per comex ..MCX next support 48134...

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Comex....gold trading below major support....cmp 1869......next support 1812.40....s/l for short 1901 (closing basis)

No long.....

Hope both call and put premium may be zero tomorrow.... (as per band strike premiums)...

October premium volatility range 708 points......

Message is, we can see 900 points swing on the cards.... details check hangout...

Comex....gold trading below major support....cmp 1869......next support 1812.40....s/l for short 1901 (closing basis)

No long.....

Closing hours, sold put options for tomorrow..

Why we have sold...details in the hangout.....

Hourly 1.45 sell sequence not yet changed ...holding call shorts and no naked options ...

Waiting for naked option buying sequence....till then...

Moral of the story....price action first....news follow as per price action...

Today Mistry news is based on price action....not price followed Mistry news...

Now ...all use to say...TCS is falling due to Mistry news...

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Check hangout..... script option selling opportunity posted.... again, if price goes up (today's high) tomorrow.... simply sell with s/l...

Details in posted...

My take...posted in the hangout....read at your end and act...

Waiting for hourly sequence change...

Index today....will wait for hourly sequence change (one side) direction..

Details posted in the hangout...