Niftymetals

Wednesday, May 23, 2018

Six week consolidation and falling.....

Volatility can be used .... to make money in Put Option....

புரிஞ்சவன் புத்திசாலி......

Nifty 10500 Put Hit....117.40 also.......ஒரு விசிலடி ..........

Nifty 10500.....Put Option 98.40 also reached.....

Hind Petro positional put option...already morethan double......

Today entry at 7.60.......as such high made 13.35.....nearing to Double....

Nifty as per level...falling.........our 10500 Put Option reached first level 88.....next 98.40 / 117.40....(for all 10789 nifty resistance)....

Hind Petro nearing to 291.....

Close below 291...next level 282.40.....

Nifty ....(no change in my view)...sell on rally.......we should believe our numbers...as simple as that...

பாவம்....Dr.Reddy...bleeding...first target 1902.10...and next 1877...

Again good trade by our friend......running with trailing s/l....for double...

Metal Index ....is weak...

My take is....."Tata Steel" ...sell on rally....

Reliance trading below support......

As per Narayanan......call is in sell mode.....

Take care.....

Nifty future 10638.....is important support....

As long as trading below 10871 and 26569....trend is not up.....wait for direction...

Index not able to close above 10871......just stay away.....

Asian paint trading above 2nd Breakout Level......now 2nd resistance 1342.20....