Niftymetals: January 31, 2023

Tuesday, January 31, 2023

1903 not violated..... reversed.... 1934 will act as resistance/target ...today swing top...take care...

1880 will act as breakdown support....

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Corrected from 1940 level....

CMP 1903....

Wait for entry... refer our swing levels - reference point check... WS12 sheet...

Take care...

As such reference points are 56 and 113...

Any change, will inform tomorrow....

Morning opening price action may suggest the trend of the day.... going to be interesting...

Tomorrow, Geetha / Vinayagam may visit our office for budget trading...

Corrected from 1940 level....

CMP 1903....

Wait for entry... refer our swing levels - reference point check... WS12 sheet...

Take care...

Falling from 79.80...

CMP 76.61...

May test 71.80.... let us see...

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Crude may retest 71.80 level.... entry point...

If price reached 71.80...check call option chart for entry...

Premium is 890 points....

Take care....

Sold 18600 call option (month end) at 42.10..

As such no trade.....let us wait for 2.15 ~ 2.30 price action...