What is expected in last trading day of the year 2023:
Based on weekly pivots,as WR1 21636 was taken out on Wednesday 27 DEC, the next upside move expect is 21922.
As weekly camrilla 4th layer pivot WH4 21688 was taken out on expiry day with gap up ,then next move upside expected is WH5 21977.
Today on expiry day got multiple resistance @ 21779.
21779 was calculated by dividing WR1 21636 and WR2 21923 by two.
i.e (21636+21923)/2=21779
For the bullish VIEW:
If tommorow open flat above 21779 and able to break 21815 and sustain above it, then a bullish rally may be seen,either to 21923 or 21977
Based on weekly pivots,as WR1 21636 was taken out on Wednesday 27 DEC, the next upside move expect is 21922.
As weekly camrilla 4th layer pivot WH4 21688 was taken out on expiry day with gap up ,then next move upside expected is WH5 21977.
Today on expiry day got multiple resistance @ 21779.
21779 was calculated by dividing WR1 21636 and WR2 21923 by two.
i.e (21636+21923)/2=21779
For the bullish VIEW:
If tommorow open flat above 21779 and able to break 21815 and sustain above it, then a bullish rally may be seen,either to 21923 or 21977
Comment:
21923 target reached