Important Levels for 20-09-2021.
Last session we did see some profit booking but we saw good buying at crucial support zone of 37450-37500 and almost a 400 point bounce from there.
Any dips to 37740-34780 can be bought with a SL of 37700 for targets of 37900,38050 and 38150. In case we open flat and start trading up, we can take positions above 38050 for targets of 38150,38250. SL should be around 70-80 points only. Price sustaining above 37250 we can see 37400-37500 intraday.
If we open with a big gap down. 37450-37500 can see another round of buying but incase we trade lower than this range the next support area at 37200-37250 can be our potential targets. SL should be kept above 37550.
In case we open with a big gap up, we need to wait for price action and take positions accordingly (in this case i will be looking for shorting opportunities).
Till the price is in the range between 37950-38050, its wise to avoid taking new positions.
Last session we did see some profit booking but we saw good buying at crucial support zone of 37450-37500 and almost a 400 point bounce from there.
Any dips to 37740-34780 can be bought with a SL of 37700 for targets of 37900,38050 and 38150. In case we open flat and start trading up, we can take positions above 38050 for targets of 38150,38250. SL should be around 70-80 points only. Price sustaining above 37250 we can see 37400-37500 intraday.
If we open with a big gap down. 37450-37500 can see another round of buying but incase we trade lower than this range the next support area at 37200-37250 can be our potential targets. SL should be kept above 37550.
In case we open with a big gap up, we need to wait for price action and take positions accordingly (in this case i will be looking for shorting opportunities).
Till the price is in the range between 37950-38050, its wise to avoid taking new positions.
Trade closed: target reached:
37450-37250 Target Reached
37500-37760 on the buy side.
37450-37300 on the sell side (still active CMP 37296)