Important Levels for 22-09-2021.
A complete V-shaped recovery of close to 800 points from day's low completely brushing off the negative global sentiments effect on our market and again justifying that our markets have a mind of their own.
37140-37200 will be a strong support area and any dips there can be bought for targets of 37350,37500 and 37620. SL can be placed at 37080.
In case we open flat and start trading up, we can take longs above 37500, with a SL of 36430 for targets of 37620, 37700 and 37800 but in case we see -ve price action around 37500 levels supported with good volumes, we can take short for targets of 37360,37230 and 37200. SL can be of 50-60 points and trailed aggressively.
Price sustaining below 37150 and we can see further drop till 37050-36950.
In case of major gap up or gap down we need to look for price action and if supported by volumes we take positions accordingly.
As per option data, 37000 still has good call writing numbers so a quick fall to 37050-37100 future levels can be expected immediately tomorrow.
Going in tomorrow with no bias and will take positions only according to my levels.
A complete V-shaped recovery of close to 800 points from day's low completely brushing off the negative global sentiments effect on our market and again justifying that our markets have a mind of their own.
37140-37200 will be a strong support area and any dips there can be bought for targets of 37350,37500 and 37620. SL can be placed at 37080.
In case we open flat and start trading up, we can take longs above 37500, with a SL of 36430 for targets of 37620, 37700 and 37800 but in case we see -ve price action around 37500 levels supported with good volumes, we can take short for targets of 37360,37230 and 37200. SL can be of 50-60 points and trailed aggressively.
Price sustaining below 37150 and we can see further drop till 37050-36950.
In case of major gap up or gap down we need to look for price action and if supported by volumes we take positions accordingly.
As per option data, 37000 still has good call writing numbers so a quick fall to 37050-37100 future levels can be expected immediately tomorrow.
Going in tomorrow with no bias and will take positions only according to my levels.