Important Levels for 17-06-2021 Still in an undecisive position. The support zone from yesterday now acting as a resistance zone (35190-35240). The marked green box (34840-34950) the zones where heavy volumes were bought day before should act as a good support and any positive price action at these levels can be bought with SL of 34700. This is also being supported by the fact that 34950 being the 50% retracement point. The option chain action today suggests 35000 in spot should be a major resistance and with puts winding out from 35100 and below levels a drop is expected but overall the option data suggests maximum put buildup at 35000, so i am going in tomorrow with a positive bias. Will look to short only if 34800 broken with good volumes. Trade cautiously.
Order cancelled
The bullish view was negated with such a big gap down because of FED meeting
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