The BN opened (Open:- 30874, High:- 30998, Low:- 30632, Close:-30,680) below our pivot/indecision zone (31045-31095), never was able to enter the zone and which was clearly indicated by the weakness in the market. The 10 min low is 31650, which was bang on our lower line of (30659-30750). Technically it was bought there and BN went up-to 30940 almost 300 point bounce. The majority of the day the recommendation was sold on bounce and close position near 31650.
Except for the first 30 mins, there was ping pong within 100-150 points, the majority of options buyers didn’t make any big money.
The trend will change above 31,185 to positive and super above 31,260.
## Daily/Weekly/Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Daily/Weekly/ Resistance / :- 31113-31183
## Tomorrow Resistance / :- 30946-31010
## PIVOT:- 30,758-30807
## Weekly Support:- 30521-31630
There are two types of trades:- Range Trading and Breakout Trade.
1. Range Trade:- Buy/SELL in above or below Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone.
2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.