Nifty Prediction 23-12-20

Nifty Prediction we did see a reversal yesterday and have built positional shorts. Longer-term we see Nifty heading for 9511

Part of what we did and part of Nifty Predictions given

[09:08, 12/21/2020] Glen Drago: Good morning
[09:08, 12/21/2020] Glen Drago: Silver gold moving as predicted hold them
[09:09, 12/21/2020] Glen Drago: Will. Update when and where first round will end and where to take first round part profit
[09:09, 12/21/2020] Glen Drago: Nifty whenever there is a trade will update
[09:48, 12/21/2020] Glen Drago: Silver doing very well Perfectly along expected lines and is heading for 91000 but as of now we must just hold longs created around 61000. Those who have missed the bus have missed it. I do not advocate buying fresh here or chasing the price. On dips at appropriate levels will guide when and where to enter more but for now just enjoy the longs bought at 61000 and keep holding whenever we see fit to book partially we will update
[09:51, 12/21/2020] Glen Drago: Gold too our buying around 47500 is doing very well in line with our prediction. We see longer term gold heading for 64000 but again those who missed the bus at 47500 please do not chase price now. Just hold to existing longs whenever we have to take part profits will update or wherever we have low risk area to add fresh will update but for now just enjoy longs bought at 47500 area
[09:55, 12/21/2020] Glen Drago: Nifty should top out and start move for 9511 with pit stops in between but for now we still do not have any reversal so we can’t short sell here and hold. There have been some severe divergences developments on the charts along with all leading indicators pointing to a top formation but price has not confirmed any of that till now
[11:53, 12/21/2020] Glen Drago: Silver zooms
[13:03, 12/21/2020] Glen Drago: will confirm when nifty has a reversal
[13:39, 12/21/2020] Glen Drago: will confirm whenever we get reversal confirmation as of now all the signs are there however we don’t have confirmation as yet
[13:57, 12/21/2020] Glen Drago: Nifty 28 Jan Buy 1 Part 13600 Put & hold till expiry
[14:00, 12/21/2020] Glen Drago: Nifty 28 Jan 13600 Put bought at 300 taking this risk as we have first signs of reversal. This is a positional trade for an end expiry not for day trading please keep note of that
[14:01, 12/21/2020] Glen Drago: https://www.tradingview.com/x/bIswzzSl/
[14:01, 12/21/2020] Glen Drago: channel break confirmed unless we give a pullback and close above that again
[14:06, 12/21/2020] Glen Drago: DO NOT BE LONG IN ANY STOCKS SOME OF YOU HAVE HEDGED POSITIONS DO NOT BE LONG ANYWHERE
[14:06, 12/21/2020] Glen Drago: hold silver gold longs thats all
[14:06, 12/21/2020] Glen Drago: equties do not remain long
[14:07, 12/21/2020] Glen Drago: STBT Trade Nifty Sell Between 13598-13611 SL 13642 spot levels mentioned
[14:07, 12/21/2020] Glen Drago: hold Nifty 28 Jan Put buy as told
[14:08, 12/21/2020] Glen Drago: STBT Trade Nifty Sell at cmp
[14:09, 12/21/2020] Glen Drago: STBT Trade Active
[14:09, 12/21/2020] Glen Drago: Nifty Keep STBT Trade SL 13642 Spot and hold
[14:11, 12/21/2020] Glen Drago: Nifty Hold STBT Trade will update as and when anything needs to be done here
[14:12, 12/21/2020] Glen Drago: Nifty 28 Jan 13600 Put hold 1 Part will update as and when anything needs to be done
[14:12, 12/21/2020] Glen Drago: Silver Gold hold longs as told
[14:12, 12/21/2020] Glen Drago: will keep updating as and when anything needs to be done
[14:17, 12/21/2020] Glen Drago: STBT Trade book 50% at cmp and convert to positional shorts SL 13642 spot level
[14:18, 12/21/2020] Glen Drago: Nifty Fut hold positional shorts 50% with 13642 SL spot level whenever we have to add we will update
[14:18, 12/21/2020] Glen Drago: Nifty 28 Jan 13600 Put Buy 1 Part hold as told reiterate this is a positional trade which is hold till expiry
[14:19, 12/21/2020] Glen Drago: confirmation STBT trade booked 50% at 13525 spot level for sell at 13600 level hold remaining 50% with 13642 spot SL as a positional short trade now
[14:31, 12/21/2020] Glen Drago: enjoy positional shorts
[14:43, 12/21/2020] Glen Drago: Nifty Jan 28 Put book 50% at cmp and hold remaining till Jan expiry
[14:44, 12/21/2020] Glen Drago: Nifty Fut hold positional shorts 50% for sell done at 13600 with 13642 SL spot level mentioned
[14:45, 12/21/2020] Glen Drago: Nifty 28 Jan Hold Put 50% Buy qty (bought at 300 booked 50% at 445) hold remaining 50% qty
[14:45, 12/21/2020] Glen Drago: Nifty 28 Jan 13600 Put Hold Put 50% Buy qty (bought at 300 booked 50% at 445) hold remaining 50% qty
[14:45, 12/21/2020] Glen Drago: Silver Hold longs for buy done at 61000
[14:45, 12/21/2020] Glen Drago: Gold hold longs for buy done at 47500
[14:46, 12/21/2020] Glen Drago: as and when anything needs to be done will update
[15:13, 12/21/2020] Glen Drago: Nifty Fut hold positional shorts 50% for sell done at 13600 with 13642 SL spot level mentioned
[15:13, 12/21/2020] Glen Drago: Nifty 28 Jan 13600 Put Hold Put 50% Buy qty
[15:13, 12/21/2020] Glen Drago: hold silver and gold longs
[15:13, 12/21/2020] Glen Drago: as and when anything needs to be done will update
[15:14, 12/21/2020] Glen Drago: we will keep selling on rise at appropriate resistances
[09:03, 12/22/2020] Glen Drago: Good morning
[09:03, 12/22/2020] Glen Drago: Hold positions as told
[09:03, 12/22/2020] Glen Drago: Will update as and when anything needs to be done
[09:08, 12/22/2020] Glen Drago: Silver book 50% profit at at cmp and continue holding remaining qty. On dips and panic we will renter again
[09:08, 12/22/2020] Glen Drago: Gold hold longs as told
[09:09, 12/22/2020] Glen Drago: Confirmation Silver around 69500 booked 50% qty for buy done at 61000 hold remaining longs as told on dips we will again add longs
[09:10, 12/22/2020] Glen Drago: Nifty 28 Jan 13600 Put Hold Put 50% Buy qty as told. Since now this is a low risk trade we will hold this till Jan expiry
[09:11, 12/22/2020] Glen Drago: Nifty Fut Hold remaining 50 percent short with trailing SL at 13642 spot level
[09:11, 12/22/2020] Glen Drago: Reiterate overall target of 9511
[09:12, 12/22/2020] Glen Drago: At appropriate low risk points we will add shorts for lower targets

as usual, if you are only trading on the basis of this post please use your own risk management and then only trade. Please do not over trade and always keep your risk in check

Regards,

Glen Drago