5529 Breakout possible
Pre-budget rally possible
1.Flag pattern. MacD trying to give IDS signal for positive side in 15 min intraday.
2. 1h pole is approx 250 pts. If flag breakout happens, 150 to 250 pts is the target in next 2 days. Howsoever, it is upside trading range with bullish bias, as today CPR is little wide.
3. Moreover, the weekly breakout at 18386 and all time high is around 18598... These two levels are very important for targets.
4. Currently market is within the previous week high and low.. suggesting that upside trading range with bullish bias.
5. Weekly OI interpretation looks bullish (not super bullish); as change of Call are 1.9M and put change is 9.5 millions. More puts are written 57.88 M and calls are 52.5M with PCR of 1.1. Yesterday, there is huge call unwinding (18200 calls), that may triggers another upside of 0.2 to 0.3% today.
6. 18000 and 18200 of puts are very good to write, there is pull back correction with vix increase for 20 Jan 2022 expiry
Above all explanation is valid or wrong and taking small qty (approx 2 to 3% capital in deploying the shorting puts with SL), if one is discipline in arresting the loss by placing SL.
SL is god that save us from capital depreciation.
1.Flag pattern. MacD trying to give IDS signal for positive side in 15 min intraday.
2. 1h pole is approx 250 pts. If flag breakout happens, 150 to 250 pts is the target in next 2 days. Howsoever, it is upside trading range with bullish bias, as today CPR is little wide.
3. Moreover, the weekly breakout at 18386 and all time high is around 18598... These two levels are very important for targets.
4. Currently market is within the previous week high and low.. suggesting that upside trading range with bullish bias.
5. Weekly OI interpretation looks bullish (not super bullish); as change of Call are 1.9M and put change is 9.5 millions. More puts are written 57.88 M and calls are 52.5M with PCR of 1.1. Yesterday, there is huge call unwinding (18200 calls), that may triggers another upside of 0.2 to 0.3% today.
6. 18000 and 18200 of puts are very good to write, there is pull back correction with vix increase for 20 Jan 2022 expiry
Above all explanation is valid or wrong and taking small qty (approx 2 to 3% capital in deploying the shorting puts with SL), if one is discipline in arresting the loss by placing SL.
SL is god that save us from capital depreciation.
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.