Tuesday, February 7, 2023

Nymex Crude

Hit 76.50.......  lovely reversal from 72.25 (our bottom level).......

Perfect price action....



Nymex Crude 3% up


Our Target is 76.50.... high formed 76.38...

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Nymex Crude

Perfect reversal.... now 76.50 will act as resistance/target...

Chart is self explanatory...


Reliance

Avoid investment in Reliance....

As per our level... it has to fall sooner or later...
 
My target downside is 1678......CMP 2320

Watch....


How to Invest and where to invest...

Many has told ITC is a dead investment...

But, ITC move is as per maths.... moving from bottom to 2nd Top...

Fantastic price action.... touched our bottom band 133 and marching towards top band 453...

Learn the price action and trade....

Making money is easy, subject to your learning curve and patience... you have to wait for your entry..

Learn .... Learn... Learn....

Same pattern...Check Nifty... nifty bottom formed near 7678...and hit the top band 18314... 

My take is avoid investment at this juncture.... go and read the nifty chart, you will understand

Cheers...          https://www.youtube.com/watch?v=-bNwqXvMuB8



Gold

No Trend... holding our level 1871...

Wait for next setup... either down or pullback..

As such stay away...  check the swing reversal level and act..

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Gold

Gold chart is self explanatory....

Third level 1871 may test...

Reversal may happen next week....as such weak....

Lovely, price action...........



What is next

Let us do our home work for Thursday move..

Nothing comes free... you have to spend time to understand the price action..

Moreover, continuous learning of price action is most important part in trading..

Market move is so perfect, following the rule of nature... 

Everyone use to say "Index is operated by operators".....  this is absolutely "Non-sense" logic...

Because, moves are based on cyclical maths and not by manipulation... 

Be wise... think in terms of nature... then market moves will be in your control.

Cheers...  https://www.youtube.com/watch?v=Swlik5Hfu-A


Bank Nifty

Now premium is 565 points....

Solid 2x or 3x move is on the cards on Thursday...

Which side ?......

Will watch the price action and decide..... definitely, we will en cash....

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Bank Nifty

Premium is 684 points... 

Premium may shrink and settle near 180 points, then, one side move may happen..

Wait for setup.... have patience.... allow market to react...

Cheers...

Today

Finnifty 18400 call option reference point validated at 1.15 p.m... and moved more than 400% 

We have not entered, since, we have completed Put Option trade...

Moreover,  Sheetal has told to ignore the Call Option reference point... Hence, we have avoided the trade (not missed)...


Sheetal's 18400 call reference point was 14.60....shifted at 1.00 clock at 4.30... and moved... 

Anyway... good analysis Sheetal...keep it up....





Gupta says

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

Target is 76 ~ 81....


Sheetal says

Index... no short...


Finnifty

Today swing is over...    https://www.youtube.com/watch?v=bWNkpJdkOj4



The Day

The day is over...

No more setups and trades...

Cheers...


We did

We all en cashed Finnifty 18400 put option.....

As told....we just doubled .... 💜💜💜

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Sheetal says

We may get a doubling opportunity tomorrow in Finnity option....

Watch reference points closely...


Geetha Says

Finnifty 18400 put option entered at 48.15 and booked profit at 96.90


100% ROI...

Congrats Geetha....💜💜💜

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Geetha says

96.90...


Geetha says

96.90...


Booked

Booked profit at 15.40

====================== 

Gupta says

Sold 18000 call option at 28.20 and keeping target 15.40...

Trend

As such no trade setup...


Nymex Crude

Perfect reversal.... now 76.50 will act as resistance/target...

Chart is self explanatory...


Professor Feynman

 

One of the signs of intelligence is to be able to accept the facts without being offended.