TRADESCAN: 19 SEP

 

NIFTY-I : Yesterday's Gap up and then consolidation with low volume doesn't give much confidence. But Then, Who gives a sh*t to confidence till it is rallying with Low Vix. Overnite Longs are vulnerable to news flow. Due to lower Vix, avoid buying ATM/OTM options. Expecting some correction towards 10100 area. Today's high is weak high and don't have much conviction.

SUNPHARMA-I : Longs should get out below Low of the day. some pause is visible with liquidation.

CRUDEOIL-I: Yesterday's Short work well till US open and come back inside VA at closing.
Don't add Fresh Short below 3180 and Long above 3238. This contract ends tomorrow so due to rollover price may remain under pressure.

USDINR: Good Trend day yesterday from the lows. Now need to create value above 64.22 for further upmove, else get fizzle out and back to 64.10 area.


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