Important levels for 15/11/2022. A day with very low volumes and in the closing moments we just broke the buying reference zone buy eventually closed inside it. With the weekly VAL at 18360 and a buyer reference area @ 18328-18340, shorting wont be a good option. We can short only if we break 18328 and sustain below it for targets of 18176-18220. If we see a gap...
Important Levels for 14/11/2022. This index is at an important zone and we have managed to close marginally above all VAs but it cannot be said with complete confidence that buyers are pulling the strings. For Monday, if we see a flat open and we have a small dip till 18422, w can take longs with SL placed at 18400 for targets of the seller reference zone...
Important levels for 14/11/2022. The index looks bullish with such a big gap up being sustained and relatively lesser selling volumes. In case of a flat open on Monday, we can wait for PDH @ 42438 to be cleared and then take longs with a 50-60 point SL and look for RR of minimum 1:2 and the keep trailing our positions as we do not have any upper references to look...
Important Levels for 11/11/2022. Definitely the weaker one of the two indices. At CMP 18097, we are at a crucial point, considering the VP from the start of this contract, we traded entirely below the VA but considering the VP of last week, the VA has just shifted down and once we move and trade above today's high @ 18150, we can see a clean 100 point move on the...
Important levels for 11/11/2022. The initial part of the day was well in control of the sellers but limit buyers kept the prices close to Friday's low and then after the buyers came in control and we almost managed to close at VAH today, For tomorrow, if we see a flat open, we can take longs anywhere between 41700-41750 for targets of the previous seller reference...
Important Levels for 10/11/2022. Despite many limit buyers being present aggressive selling took control and we managed a close just below the Buyer reference zone 18198-18214. Today if we open flat and trade lower we can short with initial targets of the previous buyer reference at 18123-18135. If we break and sustain below it, it is quite possible to see 18050...
Important Levels for 10/11/2022. Yesterday it was a completely sideways market with the index being stuck in a 25-50 point range for the majority of the time. Today, if we open flat and trade below the buyer reference zone 41786-41841 we can take shorts for targets of 41591-41643 followed by 41500. For longs, we can wait and see if the buyer reference zone is...
Important Levels for 07/11/2022. The buyers did their best defending 18120 and in the late hour of friday's session we did witness a fast upside move of close to 70 points and closed inside the seller reference zone @ 18201-18235. Today we are most likely going to open with a big gap, the immediate seller reference is at 18327-18357. Once we trade above it we can...
Important Levels for 07/11/2022. We played inside the previous day range and closed inside it. Once we break the PDH @ 41646 one can think of longs but I personally will avoid longs unless we trade above the old seller reference @ 41750-41850. Once we trade above the mentioned zone we can see a 200+ point move on the up side and all we need to do is trail our...
Important levels for 04/11/2022. A day which started with so much promise with buyers aggressively moving the prices up but the seller reference zone saw buyers getting absorbed and selling took the prices down. Tomorrow, we can take longs only if we break above 18235 for targets of 18294 followed by the old seller zone of 18327-18357. We can look for shorts if we...
Important Levels for 04/11/2022. We opened with a big gap down, the buyers in the old buyer reference got into action and took the prices up into the seller reference and from here there was hardly any big momentum seen. For tomorrow, if we see flat open and price trades below 41340, we can short for targets of the buyer reference zone 41133-41189. Price...
Important levels for 03/11/2022. Another low volume day, the sellers were in control but absence of large volumes the price could not go anywhere. For tomorrow, we have to look at the index with a complete neutral view. The fact being we are trading side the weekly VA and unless we break it on the downside we cannot short the index. Once we break the VAL (weekly)...
Important levels for 03/11/2022. Another low volume day with sellers probing the price down but limit buyers absorbing all the selling. But at CMP we cannot be sure who is in control at this moment. For tomorrow once we open flat and break 18110, we can short with a 25-30 point SL for targets of 18053 followed by the buyer reference at 17965-17979. Longs can be...
Important levels for 02/11/2022. We opened higher sustained above it saw the old seller reference holding and it was followed by a retest of today's low and again strength was seen from the buyers to end the day inside the old seller reference. Now if we consider the second half of today's session the maximum volumes are concentrated at the tops. So, if we open...
Important levels for 02/11/2022. As per our analysis from yesterday we expected the old seller reference zone 41750-41850 to hold and we did exactly see that and we did achieve all our targets. We have closed almost at the same levels as yesterday. If we open flat tomorrow and break today's low at 41330, we can take shorts with SL of 60 points and look for initial...
Important levels for 01/11/2022. We saw a complete different PA as compared to BN. We opened higher and did not test the open after the first 5 minutes, this shows the strength of our primary index. Yesterday we had our analysis done and we wanted to gauge the strength of the buyers and the buyers did succeed today. For tomorrow, I would still prefer to wait...
Important levels for 01/11/2022. An inside day, with low volumes and hardly any continued momentum on either side. With ATH in sight we need good volume support to break and sustain above it else the old seller reference zone at 41750-41850 will see fresh sellers coming in. For tomorrow, the important level will be the seller reference area of friday's session @...
Important levels for 31/10/2022. Again we expect to see a gap up at the open. But with what we have seen in the last 3 sessions, the gap up is not able to sustain as the intraday sellers are taking over control. Such repeated occurances are rare. Still for today, i will keep less hopes on the upside and look for shorting opportunities at old seller reference...