Nifty--Technical View--13-2-2015

NIFTY CLOSED AT 8711.55 ON 12-2-2015

SUPPORT: - 8662 / 8626.95 / 8535.35 / 8445.6 / 8350 / 8282.70 / 8272.80 / 8205 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8733 / 8796 / 8802.50 / 8808.90 / 8841 / 8996.60 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened with a up gap at 8676.95 and made a low of 8599.25 and while making low it filled the gap also it moved in a range for quite some-time and thereafter shot up and made a high of 8732.55 before closing the day at 8711.55. It held the critical level of 8626.95 pretty well and closed way above it, which shows strength therefore this rally can extend to 8734 / 8809 & 8873 before it get exhausted, here please note that if it manages to move above 8720 and stay then it will get good strength and finally if it moves above 8809 mark and stay then it will resume the real up momentum again. Therefore it is suggested to hold the existing long position with a stop loss of below 8620 and fresh long position can be added if it maintains above 7720 with a stop loss of below 8640. Please note that below 8626.95 long  call should be completely avoided.

Going up it will face resistance at 8733 / 8796 / 8809 & 8841 and moving down it will have support at 8672 / 8626.95 / 8584 / 8526 / 8445.60 / 8364.75 / 8272 / 8220. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. It seems that the pull back rally is on therefore long call can be tried as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index--Technical View---13-2-2015

CNX-Bank Index closed at 19128.60 on 12-2-2015

SUPPORT: - 18923.60 / 18736.65 / 18728.20 / 18479 / 18428 / 18300 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: - 19166 / 19445 / 19779 / 19844 / 19991.40 / 20610 / 20907.55 / 21097 / 21360.

(Figures in bold are important)

Index opened with a up gap at 19073.45 and made a low of 18739.85 and while making low it filled the gap also, it moved in a range for quite some-time and thereafter shot up and made a high of 19176.80 before closing the day at 19128.60. It held the critical level of 18923.60 pretty well and closed way above it today, which shows strength therefore this rally can extend to these levels 19252 / 19568 / 19779 / 19884 & 20275 before it get exhausted, here please note that if it manages to move above 19550 and stay then it will resume the real up momentum again. Therefore it is suggested to hold the existing long position with a stop loss of below 18923. Aggressive trader can try fresh long call above 19180 with a stop loss of below 19100 on 13-2-2015. Please note that below 18923 long call should be completely avoided.

Going up it will resistance at 19251 / 19570 & 19884 and moving down it will have support at 18923.60/ 18728 / 18403 / 18211 / 17890 & 17502.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. It seems that the pull back rally is on therefore long call can be tried as suggested above.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex--Technical View---13-2-2015

BSE- Sensex closed at 28805.10 on 12-2-2015

SUPPORT: - 28731 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28822.37 / 29157 / 29183 / 29278 / 29420 / 29844.15.

(Figures in bold are important)

Sensex opened with a up  gap at 28650.25 and made a low of 28406.25 and while making low it filled the gap also and then it moved in a range for quite some-time and thereafter shot up and made a high of 28838.52 before closing the day at 28805.10. It had a positive day today but it still closed just below its critical point of 28822.37 whereas Nifty & CNX Bank Index have closed way above  their critical level today,  seeing today’s move it is expected that hopefully sensex will also follow them too. It is therefore suggested to try long call only if it moves above 28822.37 and stays with a stop loss of below 28625. Please note that it will gather real up momentum if it moves above 29280 and stays.

Going up it will face resistance at  28822.37 / 29183 & 29280 level and moving down it will have support at 28731 / 28406 / 28044 / 27940 / 27751 / 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Pull back rally is on but long call should only be tried above 28822.37.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For-13-2-2015

Trading Calls For-12-2-2015

Nifty-Technical View--12-2-2015

NIFTY CLOSED AT 8627.40 ON 11-2-2015

SUPPORT: - 8626.95 / 8535.35 / 8445.60 / 8350 / 8282.70 / 8272.80 / 8205 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8662 / 8733 / 8796 / 8802.50 / 8808.90 / 8841 / 8996.60 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened on a positive note at 8603.30 and made a low of 8593.65 and a high of 8651.95 for the day before closing the day at 8627.40. Since It has closed just above its most critical level of 8626.95 today therefore as long as if hold this level this pull back rally may go to the following levels 8672 / 8734 / 8809 & 8873 before it get exhausted, but if it manages to move above 8720 as of now and stay then it will get deep strength and finally if it moves above 8809 mark and stay then it will resume the real up momentum again. Therefore hold existing long trade above 8626.95 and can add fresh long position also above this with a stop loss of below 8584. Please note if it consistently starts trading below 8626.95 then avoid fresh long call for sure instead try short call then with a stop loss of above 8650 for a target of 8526.

Going up it will face resistance at 8672 / 8733 / 8796 / 8809 & 8841 and moving down it will have support at 8626.95 / 8584 / 8526 / 8445.60 / 8364.75 / 8272 / 8220. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. The aggressive trader can try both long and short call as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index--Technical View---12-2-2015

CNX-Bank Index closed at 18929.05 on 11-2-2015

SUPPORT: - 18923.60 / 18736.65 / 18728.20 / 18479 / 18428 / 18300 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: - 19166 / 19445 / 19779 / 19844 / 19991.40 / 20610 / 20907.55 / 21097 / 21360.

(Figures in bold are important)

Index opened on a positive note at 18890.75 and the open was the low also for the day and thereafter it made a high of 19051.80 for the day before closing the day at 18929.05     . Today it has closed just above its most critical level of 18923.60  therefore as long as it hold this level the on-going pull back rally may go to these levels 19252 / 19568 / 19779 / 19884 & 20275 before it get exhausted but if it manages to move above 19550 as of now and stay then it will resume  the up momentum again. Therefore hold existing long trade above 18923.60 and can add fresh long position also above this with a stop loss of below 18850. Please note that if it consistently starts trading below 18923.60 avoid long call for sure instead and try short call  with a stop loss of above 19080 for a target of 18728 and if it starts trading below 18728 mark then fresh short position can be taken with a stop loss of above 18750 for a target of 18410.

Going up it will resistance at 19251 / 19570 & 19884 and moving down it will have support at 18923.60/ 18728 / 18403 / 18211 / 17890 & 17502.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. The aggressive trader can try both long and short call as suggested above.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For--11-2-2015

Nifty--Technical View--11-2-2015

NIFTY CLOSED AT 8565.55 ON 10-2-2015

SUPPORT: - 8535.35 / 8445.60 / 8350 / 8282.70 / 8272.80 / 8205 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8626—8600 / 8753 / 8777 / 8802.50 / 8808.90 / 8841 / 8996.60 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened gap down at 8478.10 and made a low of 8470.50 and thereafter shot up and made a high of 8646.26 but could not sustain at the higher level and slipped down and came near the low of the day again and finally closed in the positive zone after 7 days of fall which was expected and in this process it has also filled the today’s gap as well as the gap it left yesterday. It exhibited extreme volatility today and this is expected to continue till the Union Budget. However today’s up move was just a pull back and this may last for 2-3 days at the maximum or may get over tomorrow also . Therefore it is suggested to try long call only if it moves above 8626.95 and maintains and note that it will regain momentum only above 8750 as of now. Short call can be tried on the rise but below 8626.95 with a stop loss of above 8650 or below 8526 with a stop loss of above 8670 for a target of 8445 & 8420. Please note that below 8626.95 the next critical support for nifty is at 8772—8220 range. The bias is on the down side as of now.

Going up it will face resistance at 8627 / 8646 / 8753 / 8777 / 8809 & 8841 and moving down it will have support at 8530 / 8445.60 / 8364.75 / 8272 / 8220. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. The aggressive trader can try both long and short call as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index--Technical View--11-2-2015

CNX-Bank Index closed at 18752.50 on 10-2-2015

SUPPORT: - 18736.65 / 18728.20 / 18479 / 18428 / 18300 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: - 18923.60 / 19166 / 19445 / 19779 / 19844 / 19991.40 / 20610 / 20907.55 / 21097 / 21360.

(Figures in bold are important)

Index opened with a gap down at 18242.95 and made a low of 18226.90 and thereafter it shot up and made a high of 18933.70 before closing the day at 18752.50 in this volatile movement today it has filled the gap of today as well as the gap it left on yesterday. Today’s up-move was just a pull back as of now and this may continue for 2-3 days or may get over tomorrow also. Since it has closed above its 2^nd critical level of 18736.65 &18728.20 so long call can be tried here with a stop loss of below 18700 but note that it will regain momentum only if it moves above 18923.60 and maintains, therefore it is suggested to see that whether it hold 18728 or not in 1st hour of trade tomorrow if it does then try long call with aforesaid stop loss, below 18700 long call should be completely avoided. The aggressive trader can attempt short call below 18728 with a stop loss of above 18800 or below 18403 with a stop loss of above 18450 for a target of 18211. The very important support level for it now exist at 18211 and break below this can drag it down to 17500 mark. The bias as of now is on the down side

Going up it will resistance at 18923.60 & 19166 and moving down it will have support at 18728 / 18403 / 18211 / 17890 & 17502.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. The aggressive trader can try both long and short call as suggested above.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex--Technical View--11-2-2015

BSE- Sensex closed at 28355.62 on 10-2-2015

SUPPORT: - 28064.49 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28566.50 / 28647.14 / 28718 / 28822.37 / 29144 / 29183 / 29278 / 29844.15.

 (Figures in bold are important)

Sensex opened gap down at 28122.48 and made a low of 28044.49 and thereafter shot up and made a high of 28633.72 but could not sustain at the higher level and slipped down and came near the low of the day again and finally closed the day on a positive note after 7 days of fall which was expected and in this process it has also filled the gap it created today as well as the gap it left yesterday. It exhibited extreme volatility today and this is expected to continue till the Union Budget. However today’s up move was just a pull back and this may last for 2-3 days at the maximum or may end tomorrow also . Therefore it is suggested to try long call only if it moves above 28822.37 and maintains and note that it will regain momentum only above 29240 as of now. Short call can be tried on the rise but below 28570 with a stop loss of above 18650 or below 28220 with a stop loss of above 28270 for a target of 27940 & 27800. Please note that below 28822 the next critical support for sensex is at 27940 / 27485---27400. The bias is on the down side as of now.

Going up it will face resistance at 28566.50 / 28647.14 / 28718 /  28822.37 / 29183 & 29280 level and moving down it will have support at 28064 / 27940 / 27751 / 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. The aggressive trader can try both long and short call  as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Nifty--Technical View--10-2-2015

NIFTY CLOSED AT 8526.35 ON 9-2-2015

SUPPORT: - 8445.60 / 8350 / 8282.70 / 8272.80 / 8205 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8535.35 / 8626—8600 / 8753 / 8777 / 8802.50 / 8808.90 / 8841 / 8996.60 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened with a huge gap down at 8584.40 and made a high of 8605.55 and then made a low of 8516.35 before closing the day near the low at 8526.35, the gap it created today is still there. As expected it has broken the 1^st critical support level of 8626.95 effortlessly, it is exhibiting tremendous weakness but since today was the 7^th straight day of fall it may stage a pull- back anytime but  will it sustain or not cannot be said at this point of time, therefore it is suggested that do  not try to take advantage of the expected pull back and try long call only if it maintains above 8626.95 because below this the next critical support level is at 8272---8210 and if it break this range then it can go in for further deep correction .However the possible levels from where it can bounce back are 8421 & 8272--8210. Therefore as of now I would suggest to try short call on the rise but below 8626.95 with a stop loss of above 8650 or below 8516 with a stop loss of above 8530 for a target of 8445-21 on 10-2-2015.

Going up it will face resistance at 8627 / 8646 / 8753 / 8777 / 8809 & 8841 and moving down it will have support at 8445.60 / 8364.75 / 8272 / 8210. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. Short call can be tried as suggested above .

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index---Technical View--10-2-2015

CNX-Bank Index closed at 18403.85 on 9-2-2015

SUPPORT: - 18300 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: - 18428 / 18479 / 18728.20 / 18736.65 / 18740.35 / 18923.60 / 19166 / 19445 / 19779 / 19844 / 19991.40 / 20610 / 20907.55 / 21097 / 21360.

(Figures in bold are important)

Index opened with a gap down at 18650 and made a high of 18667.05 and   thereafter went down and made a low of 18379.60 before closing the day near the low at 18403.85, the gap it created today still exist. It is showing tremendous weakness  as it has broken its 2^nd critical support level of 18728.20 decisively therefore long call should be avoided  till it move above 18740 and stays and note that it will regain momentum only if it moves above 18923.60 and sustain. I would therefore suggest to  try sell call now on the rise but below 18728 with a stop loss of above 17870 or below 18370 with a stop loss of above 18420 for a target of 18200 on 10-2-2015.  Since it is moving down now so the important support level from  where it can bounce back are at 18306 / 18211 / 17890 / 17502 &17440. The next most critical support level is at 17440 break below this can threaten the long term uptrend which may please note.

Going up it will resistance at 18740 & 18923.60 and moving down it will have support at 18211 / 17890 & 17502.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. Short call can be tried as suggested above.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE Sensex--Technical View---10-2-2015

BSE- Sensex closed at 28227.39 on 9-2-2015

SUPPORT: - 28064.49 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28566.50 / 28647.14 / 28718 / 28822.37 / 29144 / 29183 / 29278 / 29844.15.

 (Figures in bold are important)

Sensex  opened with a gap down at 28566.50 and the open was the  high also for the day and then it steadily went down and made a low of 28183.32 before closing the day  at 28227.39, the gap it created today is still there. It is exhibiting weakness on the chart but since today was the 7^th straight day of fall it may stage a pull- back anytime but will it sustain or not cannot be said at this point of time, therefore it is suggested that do not try to take advantage of the expected pull back rally and try long call only if it moves above 28822.37 and maintains and note that it will regain momentum only above 29230 as of now. The possible levels from where it can bounce back and give a relief rally are at 27948 / 27485 / 27203 / 27091. Therefore as of now I would suggest to try short call on the rise but below 28570 with a stop loss of above 28650 or below 28180 with a stop loss of above 28240 for a target of 27940 & 27800 on 10-2-2015.

Going up it will face resistance at 28566.50 / 28647.14 / 28718 /  28822.37 / 29183 & 29280 level and moving down it will have support at 28064 / 27940 / 27751 / 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. Short call can be tried as suggested above .

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For-9-2-2015

Nifty--Technical View--9-2-2015

NIFTY CLOSED AT 8661.05 ON 6-2-2015

SUPPORT: -8640 / 8626—8600 / 8535.35 / 8445.60 / 8350 / 8282.70 / 8272.80 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8753 / 8777 / 8802.50 / 8808.90 / 8841 / 8996.60 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened on a negative note at 8696.85 and made a high of 8726.20 for the day and then went down and made a low of 8645.55 before closing the week near the low at 8661.05. It is below some of its short term moving averages and one long term parameter also so technically it is looking slightly weak, furthermore   other important indices such as CNX-Bank Index & BSE Sensex have broken their respective critical support levels and closed reasonably below it , therefore it may also follow suite too and the critical support for it is at 8626.95. But since today was the 6^th straight day of fall, it may give a pull- back rally now if it manage to holds the level of 8626.95 otherwise it may take few more days but I would suggest do not try to take advantage of the pull back rally and try long call only if it moves above 8809 or 8841 and stays. The aggressive intra – day  trader can try long call now if it holds 8645 level with a stop loss of below 8600 similarly short call also be tried if it maintains below 8626.95 with a stop loss of above 8665.

Going up it will face resistance at 8753 / 8777 / 8809 & 8841 and moving down it will have support at 8626.95 / 8535 / 8445.60 & 8380.55. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.