IMP LEVELS FOR 02/08/2022
Updated
We witnessed a very slow trending day today, but if we look closely we did move up but with less than average volumes.
Tomorrow, if we open flat we can take longs once we cross 38000, with Sl of 37920 and look for targets of 38080,38150 and 38200. Once we see a 15 min candle close above 38200, we can see 38400 tomorrow itself.
In case we open with a gap, we shall wait for price to sustain above 38200 before initiating fresh longs.
In case of a gap down, 37750 will act as a support area and longs can be taken with SL at 37680. The targets to look forward here will be 37900,38000 and 38100.
Tomorrow, if we open flat we can take longs once we cross 38000, with Sl of 37920 and look for targets of 38080,38150 and 38200. Once we see a 15 min candle close above 38200, we can see 38400 tomorrow itself.
In case we open with a gap, we shall wait for price to sustain above 38200 before initiating fresh longs.
In case of a gap down, 37750 will act as a support area and longs can be taken with SL at 37680. The targets to look forward here will be 37900,38000 and 38100.
Trade closed: target reached
Wonderful trade:37760-38100
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