This is following the levels mentioned in the yearly levels for 2023
There is a strong correlation between sentiment and actual up to OCT 20 2023 and 5th degree simple polynomial extrapolation is coming to 18558. Fall is steeper after November Expiry
We may see 18550 or 18105 as the Yearly open price. We can SELL now with a stop loss of 20047 or 19676 (low risk approach) with a Target of 18558 hedged with 20000 CE Dec Expiry. Trail the SL for 19305 later
Buy Above 18558.62
Buy Targets 19305.18 20047.66 20647.74 21247.83 22102.19 22620.91 24390.66 26333.32
Sell Below 17651.38
Sell Targets 16904.82 16162.34 15562.26 14962.17 14107.81 13589.09 11819.34 9876.68
There is a strong correlation between sentiment and actual up to OCT 20 2023 and 5th degree simple polynomial extrapolation is coming to 18558. Fall is steeper after November Expiry
We may see 18550 or 18105 as the Yearly open price. We can SELL now with a stop loss of 20047 or 19676 (low risk approach) with a Target of 18558 hedged with 20000 CE Dec Expiry. Trail the SL for 19305 later
Buy Above 18558.62
Buy Targets 19305.18 20047.66 20647.74 21247.83 22102.19 22620.91 24390.66 26333.32
Sell Below 17651.38
Sell Targets 16904.82 16162.34 15562.26 14962.17 14107.81 13589.09 11819.34 9876.68