Good evening all,
Today: After a wildish drop of 300 points, the index formed a base at around 39000 setting us up nicely for an either side move. The imperative words here are 'set us up'. Be careful, very careful. Two days of sideways hang-fire will give in at tomorrow's expiry.
Tomorrow: So, it is going to be tricky. Volatile moves on either side are most likely to satiate the the hunger of past 2 days. Trade with care and with speed.
So;
Long side view:
Buy above 39560
Target 1 zone 39756
TSL above this
Target 2 - 39860
Target 3 zone 39989 - 40000 ( not marked on the chart due to lack of space)
Target 4 - 40115
(Long SL - 49360)
---------------
Short side view:
Sell below 38785
Target 1 zone 38615 - 38585
TSL below this
Target 2 zone 38415
(Short SL - 38950)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Today: After a wildish drop of 300 points, the index formed a base at around 39000 setting us up nicely for an either side move. The imperative words here are 'set us up'. Be careful, very careful. Two days of sideways hang-fire will give in at tomorrow's expiry.
Tomorrow: So, it is going to be tricky. Volatile moves on either side are most likely to satiate the the hunger of past 2 days. Trade with care and with speed.
So;
Long side view:
Buy above 39560
Target 1 zone 39756
TSL above this
Target 2 - 39860
Target 3 zone 39989 - 40000 ( not marked on the chart due to lack of space)
Target 4 - 40115
(Long SL - 49360)
---------------
Short side view:
Sell below 38785
Target 1 zone 38615 - 38585
TSL below this
Target 2 zone 38415
(Short SL - 38950)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Comment:
Short Target 1 achieved
Comment:
Short Target 2 achieved
