Wednesday, February 8, 2023
Gold
Nymex Crude
Nymex crude reversed from our level 72.32 to 78.45 (our top band 78.75)
Now avoid crude .... trend will be neutral..
As such swing reversal is over...
Gupta says
Holding March month end 18500 call option short 111.20... (adjusted cost)...
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Gupta says
Sold Nifty March month end 18500 call option @ 105.40 and holding..
Target is 76 ~ 81....
Gupta says
Booked profit at 34.20..
Gupta says
Sold 17800 put option at 56.80...keeping target 34.20
As such
No setup.... wait for 1.30 sequence change...
Still the premium is around 420 points...
Wait... https://www.youtube.com/watch?v=-wG_wCQFjY4
No setup
Premium has to shrink...wait...
Either one will validate the reference point...then we will enter....with confirmation
As such no trade...
Bank Nifty
Premium is 489 points....
Have patience...wait.....
As such no naked option "Buying" setup...





