Important levels for 12/09/2022.
From where we closed last session, the first few minutes will be quite crucial. Initially the up move was restricted and we did see the sellers gaining more control and just as we filled the gap come big volumes came up but we did close inside the VA.
For tomorrow, we need to be patient before taking any position. Safe longs will be above PDH @ 40753 as 40615-40675 is the area where sellers built there position on Friday and with PDH close by we should wait.
If we see a gap down, 40278-40308 is the buyer reference area and can be a good entry or our longs for targets of 40475,40536 and 40615-40675 regions. but if we break 40278 and sustain below it we can see 40177 and 40098 as our potential targets.
Morning Trades done, the old seller reference from previous session saw sellers coming in to defend and we saw a swift move towards PDC. 40615-40500
One more trade to look forward today:
Shorts below 40620
SL: 40680
T1: 40490
T2: 40370


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