Niftymetals: June 08, 2023

Thursday, June 8, 2023

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...

Correction is a normal correction...

Reason for the fall is purely based on put reference point numbers...

Review reference point chart.. "History repeats"

Cheers....

Analysis by Geetha.....

Superb Geetha.....

Perfect day.... 2nd half as expected fall..

Sheetal has suggested follow the 44500 put reference point..... ->-> not validated.

Geetha has suggested follow the 44300/44200 put reference point ->-> 44200 put reversed from 17... reference point 17.62..

Geetha, congrats / keep it up..... good analysis...💜💜

44200 call entered at 187 and booked at 258....

Premium is 160 points...

Wait for bottom reference point...and sequence change setup..

Titan booked at 2922... entry at 2840..

Direction is much more important than speed.