Today: While the market did not open up with a gap, our 1st long target was achieved very quickly (well just 11 points shy) only to pull back and then achieve it again. After that, as predicted, a range of around 300 points. Why? well Tuesday behaved like Wednesday because tomorrow is expiry and the previous day is mostly premium eating day for the sellers.
Tomorrow: So what doe we do? We wait. On the 'Long' side, for 40140 to be breached and on the 'short' side, below 39525. Between this range we will just waste our time.
So; Long side view: Buy above 40140 Target 1 zone 40350 - 40415 TSL above this Target 2 - 40600 Target 3 - 40880 (Long SL - 40000) --------------- Short side view: Sell below 39525 Target 1 - 39300 TSL below this Target 2 - 393185 (Short SL - 39775)
*** 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.