Important Levels for 19-08-2022.
First half the sellers got the control after a long time but the force with which the byers fought back was the thing to look for. The index is super bullish and the next major levels to look forward to is the reference zone of 39985-40085 an till that there is no stopping the index.
The largest volumes in the up move post 2pm are concentrated in 39690-39740 and that can act as a support zone and dips can be bought till here, below it the next support area will be at 39490-39560 areas.
Will avoid shorts for the time being.
First half the sellers got the control after a long time but the force with which the byers fought back was the thing to look for. The index is super bullish and the next major levels to look forward to is the reference zone of 39985-40085 an till that there is no stopping the index.
The largest volumes in the up move post 2pm are concentrated in 39690-39740 and that can act as a support zone and dips can be bought till here, below it the next support area will be at 39490-39560 areas.
Will avoid shorts for the time being.
Comment:
Shorts triggered, SL @ 39620
Comment:
SL hit, we wait for another good opportunity
Comment:
The defense is commendable, 39540-39560 buyers trying real hard and it is fresh buyers defending...just like this near future all supports being respected
CMP 39590