Niftymetals

Wednesday, December 18, 2019

Index as such trend is up..12100 call 121 will act as support...

Check and act...

HDFCBank hit first target 1292...

Bank Nifty avoid longs ...

Long can be initiated near 31840 (on reversal)...

Wait...

Crude reached 4323......

Next level 4358...(balance can be booked)..

Bank nifty call suggesting...trend (upswing) is intact...

Any change...will inform..

Nifty good move...

Bank nifty further trend will be up...if 32300 call cross our level...chart is self explanatory...

12000 put option..... trading well below breakdown level....says ..."Trend is up (buy on dip)"

As such bulls are intact...

TCS good move...and hit 2124...

Trend is buy on dip....waiting for entry..

As such...index trend is buy on dip ....

Any change will inform..

Price action is first...rest all will follow the price....

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

Put option price action confirmed "Buy Index or ready for call buy"

After above put option chart price action confirmed sell......then..

Call option price action confirmed "Buy Index or buy call option or sell put option"

As such trend may consolidate or swing volatility may be there next week...