Important Levels for 23-06-2021
The markets are doing the exact opposite of what we expect it to do, yesterday the put build up and the breakout suggested a good upward move but today it opened gap up moved to the resistance zone and fell back to yesterday's swing low.
Looking at todays chart it looks bearish. Expecting to short below 34700 levels for a target of 34580 zones, price sustaining below will test 34450 followed by 34210-34250 support zones.
Option chain shows good put unwinding at 34000 levels which indicates a downward move.
Longs above 35100 only.
The markets are doing the exact opposite of what we expect it to do, yesterday the put build up and the breakout suggested a good upward move but today it opened gap up moved to the resistance zone and fell back to yesterday's swing low.
Looking at todays chart it looks bearish. Expecting to short below 34700 levels for a target of 34580 zones, price sustaining below will test 34450 followed by 34210-34250 support zones.
Option chain shows good put unwinding at 34000 levels which indicates a downward move.
Longs above 35100 only.
Trade closed: target reached:
Got a very late entry but stuck to our levels and the first target achieved successfully