Thursday, February 1, 2024

Gold

Love'ly monthly candle consolidation.... CMP 2060...

Last three months not violated 2011.....  



February Series

More surprises on the cards...

Please go and check the monthly levels of options and try to understand.

Enjoy the moment....



Bank Nifty Spot

 https://www.youtube.com/watch?v=xLvBVuToqxI&t=6s


ITC Put Option

HUL call option booked profit in the morning..... (refer morning post)

and 

Holding ITC 420 Put option ....

=========================== 

HUL and ITC

Gupta says.... deployed 30% of this month profit in the following trade for Budget...


Hindustan Unilever 2540 Call Option entered at 21.40 

ITC 420 Put Option entered at 4.60...

No s/l...

Cheers....


Trend is set

However, premiums are high...

Let us decide tomorrow.... and enter into trade as per setup...

Cheers...


Trend

Both call and put.... sequence indicator suggesting "No Buy"....

The premium erosion activity is currently taking place

Avoid trade...




Bank Nifty

Reference points are .... 118  and 53...

Cheers....

Bank Nifty

Premium is 982... points...

Wait for swing bottom...reference points for entry...



HUL Call option

Hindustan Unilever 2540 call option booked at 36.40...

ITC put .... holding....

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

HUL and ITC

Gupta says.... deployed 30% of this month profit in the following trade for Budget...


Hindustan Unilever 2540 Call Option entered at 21.40 

ITC 420 Put Option entered at 4.60...

No s/l...

Cheers....