Today's day was as expected, BNF reached 32200 levels and reversed from the PRZ.
For tomorrow, both indicators suggest a gap-down opening and then a possible reversal from 35650 - 35550 zone and back to 35200 with some hiccups at 35000 which always remains a psychological barrier.
If it breaks down further and sustains below 34350, then we may see 34100 and 33900 in the next few trading sessions.
*** This is my view and not necessarily a trade recommendation ***
For tomorrow, both indicators suggest a gap-down opening and then a possible reversal from 35650 - 35550 zone and back to 35200 with some hiccups at 35000 which always remains a psychological barrier.
If it breaks down further and sustains below 34350, then we may see 34100 and 33900 in the next few trading sessions.
*** This is my view and not necessarily a trade recommendation ***
Trade closed: target reached:
While the day started with a minor gap up, it reached a low of 34670 and bounced back to 34900 just to reverse back again to 34650. So, in all 2 moves; first up for 225 points and second down for 250 points.
Hope you had a successful trading day
Hope you had a successful trading day