April 2024 Expiry saw the sine wave move to the perfection. We started the April 2024 series at 22260 and ended the April 2024 series at 22570.35. So a net gain of 310 points. With a all time high made at 22775.70 on Wednesday10 April 2024 and higher swing low at 21777.65 on Friday 19 April 2024. April 2024 Monthly range was 998.05 nearly 1000 points. Now if we add this range to our low of 21777.65 we get targets of 22777.65... lets see if we attain this target soon.
We saw consolidation between the range of 22304 and 22474 and on Thursday expiry day we hit that important level with low of 22305 which was a very good morning buy for the monthly expiry. Those who held to the end without panicking made the most of the expiry day trading.
Now 22474 is important support and needs to be held for further growth.Resistance seen at 22730 level. Yesterday we achieved 22626 which needs to crossed to reach this level.
Cluster resistance of 22615 and 22645 needs to be clearing early in the day for positive start of the expiry.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
We saw consolidation between the range of 22304 and 22474 and on Thursday expiry day we hit that important level with low of 22305 which was a very good morning buy for the monthly expiry. Those who held to the end without panicking made the most of the expiry day trading.
Now 22474 is important support and needs to be held for further growth.Resistance seen at 22730 level. Yesterday we achieved 22626 which needs to crossed to reach this level.
Cluster resistance of 22615 and 22645 needs to be clearing early in the day for positive start of the expiry.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.