Important Levels for 28-07-2021.
Again there was buyer exhaustion at 35150 levels and slowly but steadily the bears gathered control.
34750 levels did stop the rapid fall but unlike previous two sessions was not able to get to higher levels.
Looks like a sell on rise market for tomorrow as there has been huge call addition today at 34800 and above levels.
Any negative action at 34900 levels can be used to create fresh shorts with SL of 34960 for targets of 34830, 34730 and 34660.
If we open flat, 34830-34850 will be good to enter for same targets.
Not interested for longs unless a good price action supported by good volumes at 34630-34660 levels, but it can be avoided.
Again there was buyer exhaustion at 35150 levels and slowly but steadily the bears gathered control.
34750 levels did stop the rapid fall but unlike previous two sessions was not able to get to higher levels.
Looks like a sell on rise market for tomorrow as there has been huge call addition today at 34800 and above levels.
Any negative action at 34900 levels can be used to create fresh shorts with SL of 34960 for targets of 34830, 34730 and 34660.
If we open flat, 34830-34850 will be good to enter for same targets.
Not interested for longs unless a good price action supported by good volumes at 34630-34660 levels, but it can be avoided.
Trade closed: target reached:
Trade1: 34720-34620