Sell First & Buy Later (S-L)
There is a polarity reversal zone between 9815-9825 which we left in today's gap up opening so we are interested for that zone. Holding Stops above 9910 we can look for support in the polarity reversal zone of 9815-9825 Next.
We look to sell close to 9910 if it holds below 9910 means without moving above 9910- You can look to sell or sell below 9888 levels for 9815-9825
Once it starts moving below 9888 - Kindly maintain strict stops of 23 points which is 9910+
Previous Analysis- Awesome Bat for long first & short later (first expected to touch 9915-9930 from 9850 & later selling with the BAT in 9915-9930 for 9850-9820-9790)
Unless you can take risk of stoploss above 9910 - Kindly initiate your positions on next day because of gap ups & gap downs which have become very frequent in last 2 days.
We start the day from close to 9910 - High in current session was 9903
Keep selling n- number of times if you get an opprtunity close to 9900 mark - keeping in mind 9910 as important level.
Just an hour back we got a bounce to 9900 - prior to that fall to 9860's
Important support is 9850-9855 Next.
Expiry Picture - Sellinng at top & buying at bottom - Hurray! is the strategy for the day.
finally when it reached 9850-9855 Book profits & can reverse the position for 9915-930 Targets close to previous high@9925.
The Picture at 14:30 Hrs - touches 9895 the channel top.
Turns Exactly from 9910 - Can we get the box completed at 9850 - Well, Time will let us know. Thanks for watching the expiry cinema.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ