19-09-2024 EXPIRY

Sep 19

PRE-OPEN - 109.50 0.43 % UPSIDE POSITIVE
25,487.05
Advances - 44
Declines - 3
Unchanged - 3

RELIANCE
HDFC BANK
ICICI BANK
INFOSYS
LT

All 5 in positive. So no lookback from 25400 today till a serious big candle is formed.

SPORT 25508 0.51%

RESISTANCE: 25600
STRENGTH STRONG
R2 25550 - DOWNSIDE
SUPPORT: 25500
STRENGTH - STRONG
S2 25400 - DOWNSIDE

pre-open formed a bullish candle but by 10:00 swap calls. Resistance and support become strong. So market to move between ranges.

Wait for the O-Chain formation in both support and resistance downward moving.

25600 p will be preferable.
25400 C in case we see a 25600 breakout and movement upward.

Regards

Ajay Ekka

Sep 19

Note

REVERSAL FROM 25488 EXPECTED till 100 points max.

Sep 19

Trade closed: target reached

If resistance and support are strong market moves in direction of Pre-open candle then reverses from Extension of Resistance.

Learnings & suggestions from today's Market session.

1. Morning positions if on the correct side to be held at least till 12:00 pm.
2. No revenge positions after 1:00 pm.
3. No coverups after 2:00 pm
4. Bookings at 12 pm When scenario do not change & no re-entry.