Reason for pole and flag breakout
a) Super bullishness evident by 200 pts future premium.
b) consolidation of another 1 week possible and then move 3% up in last of Dec.
c) It may test the lowest point of consolidation to assume that market may go done, but ultimately aiming to touch 21500 to 21700 and closing near21500 level, in order to have small yearly wick in yearly candle
d) 21500 call butterfly creation on 3rd week of December, may provide the good risk reward zone and possible adjustment.
e) SL compulsory
a) Super bullishness evident by 200 pts future premium.
b) consolidation of another 1 week possible and then move 3% up in last of Dec.
c) It may test the lowest point of consolidation to assume that market may go done, but ultimately aiming to touch 21500 to 21700 and closing near21500 level, in order to have small yearly wick in yearly candle
d) 21500 call butterfly creation on 3rd week of December, may provide the good risk reward zone and possible adjustment.
e) SL compulsory