Important Levels for 16-08-2021.
Once the price sustains above 36275, we can take longs for targets of 36360-36400 and 36480-36520. SL can be placed at 36200. Also if we move lower or open lower, we can take longs at 36020-36070 or 36130-36160 levels and aim for 36275 and 36360-36400 as potential targets, SL should not be more than 80 points in either case.
Will not be looking to short immediately unless there is a big gap up or only if we see price sustaining below 35950.
Option chain data is completely flat, with max put built up at 36000 and max call at 36500 levels.
I will be going in tomorrow with a positive bias and look forward to buy the dips.
Trade closed: target reached: Done in the first 10 mins: 36130-36280


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.