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MONDAY SESSION CAN BE MORE VOLATILE DUE TO FO STOCKS QUARTERLY RESULTS LIKE RELIANCE, WIPRO, HDFCBANK, JSWSTEEL, ETC
NO PREMIUM DECAY IN MAJOR INDEXES NIFTY, BANKNIFTY AND FINNIFTY DESPITE FALL WHICH IS DUE TO UPCOMING BUDGET EVENT
MARKET WOULD BE VOLATILE DUE TO BUDGET ON 23RD, ADVISABLE TO AVOID TRADING OR WITH LIMITED QUANTITY, OPTIONS TRADING SHOULD BE AVOIDED FOR FEW DAYS
NIFTY 24500 CE- MADE HIGH OF 352.90, COMPLETED ALL 5 LEVELS BUT COULD NOT REACH 6TH LEVEL @ 360 ππππ
VOLTAS - CLOSED ABOVE MAKE OR BREAK LEVEL OF 1500, IT MAY VISIT 1550, 1580, 1620 ON SUSTAINING ABOVE 1500, CLOSING PRICE 1512.80
TRENT - ITS ALREADY 10 TRADING DAYS OF CURRENT EXPIRY AND TRADING IN 300 RUPEES RANGE OR SAY 5-6% RANGE, TODAY 2ND TIME CLOSED ABOVE 5600 WHICH IS MAKE OR BREAK LEVEL, IT MAY VISIT 5900, 6100 ON SUSTAINING ABOVE 5600, CLOSIG PRICE 5635
FOR STUDY PURPOSE
NIFTY 24300 CE - 85 TO 5 AS PER GIVEN LEVELS
NIFTY 24300 PE - 73 TO 133 (MADE HIGH OF 145.90) AND REVERSED BACK TO ZERO
RELIANCE - WEEKLY CHART, IT HAS BREACHED IMPORTANT RESISTANCE, NEXT LEVELS ARE MENTIONED IN THE CHART - FOR STUDY PURPOSE
GAIL - 210 TO 225
INDIACEM - 210 TO 298.80
MANAPPURAM - 180 TO 209
UPL - 550 TO 578
I HAVE SEEN CE OR PE GOING TOWARDS 15TH AS WELL AS 20TH LEVEL BUT THAT WOULD BE VERY RARE SCENARIO WHICH CAN BE EVENT DRIVEN CASE, NOT GENERAL ONE. - SO DO OBSERV AND LEARN ACCORDINGLY, THANKS.
TO FIND NEXT RESISTANCE LEVEL IN 51800 CE JUST ADD 180 POINTS IN 5TH LEVEL OF 1337 WHICH IS 1517, SAME WAY WITH 51800 PE, AND MOVE UPSIDE ON BREAKING EACH RESISTANCE LEVEL.
5TH LEVEL IN EVERY SCENARIO IS VERY MUCH IMPORTANT, IF 5TH LEVEL IS BROKEN AND DOES NOT VISIT OR SUSTAIN ABOVE 6TH LEVEL, AND IT STARTS VISITING BELOW 5THE LEVEL THAN THERE ARE HIGHER CHANCES OF GOING TOWARDS 3RD LEVEL.
SAME WAY IF CE OR PE STARTS VISITING AND SUSTAINING ABOVE 6TH LEVEL THAN THERE ARE GOOD CHANCES OF IT TO VISIT 10TH LEVEL ALSO (COUNT THAT AS PER POINTS GIVEN ALONGWITH CE AND PE) - FOR OBSERVATION PURPOSE ONLY
