Either moving above 370 if they are in hurry or we shall look for 358-362 Zone as the resting zone- if this zone holds & starts pushing upside then buy the tickets -it could be an exciting match for the day.
Previous Update - Forgot we picked at bottom 352-353 after lot of volatile drama & zoomed to 375+
Just Turned below 370 from 369 day high. We are looking for the zone now next between 358-362
Heading close to the zone of 358-362
Turning from 362 day low - keeping a watch which was upper level of the desired zone 358-362.
Looks like it will go even closer to 358-360 Zone as it is unable to cross 365 on upside & kiss the desired zone expected in the post then we see next.
Kissed the centre of the zone - Awesome!
We should not hurry in trade especially long positions when all the markets are bleeding means Markets are down.
Gone beyond the zone - I said at 363.50 we are looking down & it can travel closer to our desired zone.
So, What next?
No boss - don't go & buy blindly as markets are bleeding we need market interest first & then we should jump in the trade.
Updated in PNB post that going below 10020-10030 zone -it can attempt 9980-9990 Zone downside.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ