NIFTY
Important Levels for 19-11-2021.
A good trading session as it went as per our analysis and all our targets were achieved. On a daily chart, we seem to have taken a slight support from 50 EMA for the time being.
Tomorrow, if we open flat and trade below 17760, we can again take shorts with SL of 17785 for targets of 17730,17700 and 17660.
If we open with a gap up, 17840-17880 can act as resistance and any negative candle with volumes can trigger our short entry with a small SL of 20-25 points for 17780 as our initial target followed by targets mentioned above,
If we see a gap down opening, we should wait for the day to develop and plan trades as per price action only.
Option data looks slightly bearish,
A good trading session as it went as per our analysis and all our targets were achieved. On a daily chart, we seem to have taken a slight support from 50 EMA for the time being.
Tomorrow, if we open flat and trade below 17760, we can again take shorts with SL of 17785 for targets of 17730,17700 and 17660.
If we open with a gap up, 17840-17880 can act as resistance and any negative candle with volumes can trigger our short entry with a small SL of 20-25 points for 17780 as our initial target followed by targets mentioned above,
If we see a gap down opening, we should wait for the day to develop and plan trades as per price action only.
Option data looks slightly bearish,
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