Important levels for 11/10/2022. After an interesting session the closing would make buyers more happier than sellers. For tomorrow a flat open and price sustaining above 17250, we can expect price to see 17312-17337 followed by the old seller reference of 17389-17408. This trade has a lower RR so initial SL cannot be more than 20 points and trailed as per...
Important levels for 11/10/2022. We witnessed an interesting session today and despite all negative news around our markets are having a mind of their own. A big gap down to open with and a wonderful rally till PDH and then some pullback with a close which will make the buyers happy. For tomorrow, if we open flat and move above 39266, we can take longs with a...
Important levels for 07/10/2022. At the beginning of the session we were wary of longs as we opened near the old seller reference area and longs were avoided but at the far end of the reference we saw rejection and got a very nice trade. For tomorrow, with VA almost equidistant from day's high and low staying light on positions can be a good idea. If we open flat...
Important levels for 07/10/2022. In Nifty, we can see an up move towards today's seller zone @ 17389-17409 if we see buyer's coming in to defend the buyer reference zone @ 17256-17291. But if we slide below 17256 there is a high probability of the price testing Tuesday's lows. The targets shall be 17212,17164 and 17125.
Important Levels for 06/10/2022. Last session, we saw initial momentum with heavy buying volumes towards the upside and there was nothing much post the first hour. Today we can go longs once we break PDH @ 39345 or if we get any dips till the buyer reference zone of 39168-39213. The targets o look for is at the old seller reference of 39521-39740. But if we open...
Important levels for 04/10/2022. We closed almost at day's low but with today's POC at the closing price, it is a difficult thing to know whether to look for shorts or longs. The higher time frame picture is bearish, but with buyer references nearby shorting at current levels would not give us a great RR. The important levels to look is the untested buyer...
Important levels for 04/10/2022. The buyers tried real hard to defend but eventually gave up, and it is still not evident that the sellers are in control. Overall a dicey close today. For tomorrow, i will be confident to short only if any rejection is seen inside 38318-38509 (the area where maximum sellers were present). if we open flat and break today's low @...
Important levels for 03/10/2022. For Nifty, there has been hardly any change in the composite VA for the week and with prices currently above it and below last session's VA, not taking any trades is the best trade. Once we break and sustain above PDH @ 17209, we can take longs for targets of 17319 followed by the old seller reference of 17448-17473. Similarly on...
Important levels for 03/10/2022. Last session we saw a good intraday move on the upside and we closed after facing resistance at the old seller reference. Looking at the charts from a weekly point of view we are still not above the composite profile. For tomorrow, if we open flat all we need to do is wait unless we get a clear picture of who i in control as we see...
Important levels for 30/09/2022. A good sell off followed by a silent absorption by buyers. The VA of today's session is at lower levels and we got a closing inside VA close to VAH. This puts us in a tight spot as the overall trend is bearish but with this sort of absorption at lows one can think of just seeing where this index decides to move. For tomorrow, if we...
Important levels for 30/09/2022. We wished for a gap up for better trades and we got good results. The bears took control in the morning but post 12pm they could not do much and we did not see much action. For tomorrow, we will be taking fresh shorts only below 37600. Our initial targets should be 36305 and if we still sustain below it, we can set final targets...
Important Levels for 29/09/2022. The buyers tried hard to defend 38000 levels but the sellers were relentless and we did witness some heavy selling in the second half. For tomorrow, we need to see where we open because a flat opening does not give us a good RR on the short side. 37600 being a old buyer reference we need 37600 to be broken and price sustain below...
Important Levels for 29/09/2022. The buyers tried hard but once we reached the VA of the last session the sellers got in and did close well. For tomorrow, 16870-16882 can be an important zone. If we see a flat opening and price falls immediately the short positions should have an SL of 16885 and targets shall be the old buyer reference of 16751-16765. But a better...
Hi Traders, This is my view for this week on: - USDCAD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section...
Hi Traders, This is my view for this week on: - NZDUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section...
Important levels for 23/09/2022. The level at which we have closed today is inside the day's VA and if we look at how the day panned out, we can see the price went up in he morning tested previous day VA and then fell and found support at the old buyer reference area and then the expiry dance and a close where none of the buyers or sellers look in...
Important levels for 23/09/2022. A close right in the middle of the day's range with the control in the hands of the sellers. Tomorrow once we break and sustain below 40624, we can look for shorts as there is a high probability of the price testing today's low @ 40414. The next targets can be 40310 followed by the old buyer reference area of 40020-40100. SL can be...
Important levels for 22/09/2022. The index is currently inside the buyer reference zone of 40948-41057 and the seller reference zone of 41469-41563. So unless we break either side we can mainly look for scalping opportunities as per intraday data. Longs above the mentioned seller reference still looks a bit dicey and we can look to take longs with less quantity...