Index has spend a good time in consolidation phase 18000-18500 area. Now its time to move trendy for next 450-500 points.
We have strong Resistance in 18600-650 area. Global data shows a gap up opening in this area. First half, we may see profit booking till closing price. After 11 a.m. we can accumulate in Buying positions around 18525/575 area
Acc. to XABCD we have target 18950 level in coming sessions. But Index movement cannot be straight,refer green line pattern. So need to wait patiently for Target. SL IS 18450 LEVEL. IN ANY CASE, WE MUST EXIT POSITIONS.
Low 18531
Accuracy of Trend
Trading is Probability Game with some calculation & conviction.