Important levels for 31/10/2022. With the data we are seeing currently we can see a big gap up at the start. But with the story being similar in the last 3 sessions where we are opening with a gap up but intraday sellers are taking control with prices trading lower. Today if we see an open near the seller reference zone 41566-41633, there can be an upward move...
Important Levels for 28/10/2022. The late up move was nearly of 70 points but lacks the volumes needed for it to be sustainable. Tomorrow, if we see a flat open we can expect a fall till PDL @ 17654. If we see a gap down, shorts to be taken only below 17636. For longs I personally am a bit skeptical as there are lots of seller zones and we do not see any proper...
Important Levels for 28/10/2022. Will still iterate the fact that sellers are still in control. Even though we witnessed a sharp up move in the later stage it was not backed by good volumes. For tomorrow, we can short once we sustain below PDL @ 41178. The immediate target to look shall be 41030 followed by the old buyer reference at 40686-40790. For longs, will...
Important levels for 27/10/2022. We do expect a gap up seeing SGX but the charts do have a language of their own. At last session's close the sellers were dominating and unless they decide to run for cover I still think the index will come down. If we see the gap up sustain above 17885, then only will take longs for targets of 17968 followed by old seller...
Important levels for 27/10/2022. Last sessions low and the seller reference zone 41293-41353 will be important levels to watch out for. If we open flat and break PDL @ 41035, we can short and look for targets of 40852 and the old buyer reference zones of 40666-40733. If we see a gap up open around the seller reference zone (41293-41353) we can again look to sell...
Important Levels for 21/10/2022. A day where we slowly moved up before the final expiry move which took the prices into the seller reference area and we did see the sellers keenness to defend those levels which can be seen by the volume in the last candle at the top. For tomorrow, if we open flat we will simply wait and watch if the sellers will take control or...
Important Levels for 21/10/2021. What we saw today has made one thing clear that the buyers are still in control as we witnessed the sellers being absorbed in the old buyer reference area 39932-39960. If we see a flat opening tomorrow, any small dips till 40122-40180 can be bought with SL placed at 40075 for initial targets of the seller reference from yesterday...
Important Levels for 20/10/2022. We opened above PDH and sustained above it for a good amount of time but buyers failed to carry forward and sellers eventually gained control. For tomorrow we will take short positions once we trade below today's low @ 17457. The immediate reference on the downside is the old buyer zone at 17285-17315. So close to 200 point move...
Important levels for 20/10/2022. We opened above previous day range but slowly came inside the range from yesterday and eventually closed inside yesterday's as well as today's VA. The index has been mostly volatile for last two sessions with neither the buyers nor the sellers seeing any sort of follow through. Today the sellers were largely n control but we were...
Important Levels for 19/10/2022. We witnessed a closing inside the VA and with immediate buyer and seller references close by, it would be wise to watch out whether we break the seller reference zone 17545-17565 or the buyer reference area of today 17458-17472. Till we rotate inside the middle of this we wont be taking any positions. Once we break below 17458, we...
Important Levels for 19/10/2022. We opened with a big gap and basically traded within a small range throughout the day. We closed inside the VA, and currently we are inside an NO TRADING ZONE. The low of today @ 40213 will be important for tomorrow's context. If we see a flat open and price breaks 40213, we can take short positions with SL around 40280 for initial...
Important levels for 18/10/2022. Despite the big Breakout if Bank Nifty, we could not break the seller reference from the last session in Nifty. Tomorrow a flat open followed by breaking 17325, we can take longs with initial targets of the old seller reference at 17390-17408. Once we sustain above it, there is a chance of price testing 17449-17473. On the short...
Important levels for 18/10/2022. The buyers emerged stronger and we managed to close at day's high and also well above the range we were stuck in since last two weeks. Tomorrow, if we see a flat opening we can get good trades on the long side. Any dips till 39932-39960 can be used as an opportunity to add longs. The initial target to look forward is 40045 and once...
Important levels for 17/10/2022. By the looks of it we are in for a gap down open.39270-39360 will be an important area to look forward. We witnessed some aggressive buying at this zone, so if we are to see an up move the buyers will come in to defend these levels. Longs if triggered here will see targets of the seller reference from last session at 39600-39680....
Important levels for 17/10/2022. We are most likely seeing a gap down open. We need to be patient for the first few minutes and see whether the buyers come in to defend positions or sellers gain control. For longs, i would prefer to take positions above 17225 for targets of 17285-17315 the seller zone from last session, price sustaining above it can see PDH levels...
Triggered into a short position on GU Let's see how it goes. EURUSD and GBPUSD are a bit volatile and unpredictable over the past few days so let's see how it plays out. Trade safe.
Important levels for 13/10/2022. We are not seeing any definitive trend in the index with the prices not being able to break out of the bigger range. For tomorrow, if we see a flat opening, i am expecting a pullback till 17050 levels. If that happens we can take longs with a 15-20 point SL and aim for 17133 as our initial target and sustaining above it we can see...
Important levels for 13/10/2022. Again a close nicely just above the buyer reference has kept the index nicely poised for an interesting expiry. If we open flat and see price finding buyer support @ 39210-39240, we can take long entries for initial targets of 9447 followed by the old seller zone of 39549-39615. Like Monday's analysis price sustaining above these...