Important Levels for 10-08-2021
We are still trading inside the range of 4th August candle, 35750-35850 is acting as a strong support and has been tested in each trading session but buyers still showing strength at these levels. Also we made a high almost same as on 4th.
Once we break 36280-36300 we can take fresh long positions for targets of 36450 and 36620. SL can be kept at 36180. Shorting at 36250-36300 upon seeing -ve price action can give us a quick 80-100 points but i personally wont be comfortable trading that.
Will only be comfortable taking shorts if 35750 is broken with good volumes.
36000 has seen a good amount of put addition which indicates an up move.
We are still trading inside the range of 4th August candle, 35750-35850 is acting as a strong support and has been tested in each trading session but buyers still showing strength at these levels. Also we made a high almost same as on 4th.
Once we break 36280-36300 we can take fresh long positions for targets of 36450 and 36620. SL can be kept at 36180. Shorting at 36250-36300 upon seeing -ve price action can give us a quick 80-100 points but i personally wont be comfortable trading that.
Will only be comfortable taking shorts if 35750 is broken with good volumes.
36000 has seen a good amount of put addition which indicates an up move.