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.