The BN opened (Open:- 30661.5, High:- 30692.75, Low:- 30252.45, Close:-30,562.5) above our weekly (30,521-30,630) and breached the is first 10 mins, 3rd 5 min candle tried to enter and made a high of 30,522 and was never was able to enter the zone.
There was clear short below 30,521 and short was covered in the monthly (30,300-30,320) around 12:30 PM. At 1:38 PM the price left the for upside movement, we went long with SL of 30250 and kept on trailing the SL, the price touched the upper level of 30,630 and closed.
Almost all the downsize and upside was captured by our traders in our group, trader' s made 2x to 5x profit in options.
The trend will change above 30,758 to positive and super above the zone 31,113-31,185.
## Daily/Weekly/Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Daily/Weekly/ Resistance / :- 31113-31183
## Tomorrow Resistance / :- 30946-31010
## Weekly Resistance:- 30521-31630
## PIVOT:- 30,362-30,454
## Weekly/ Monthly Support:- 30,250-30320.
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/ .
2. Breakout Trade:- Once a /zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.