Important Levels for 18-10-2021.
Will prefer to wait for action above 18360 before taking up any positions, if price sustains above it we can take longs with 20 point SL for targets of 18400 and 18420. Price sustaining below 18360 does not mean we take short positions. It will be wise to wait for -ve price action before taking shorts.
Safe areas to enter shorts will be below 18270 with 50% quantity and add more as price sustains below 18250 for final targets of 18200 and 18180. SL can be placed at 18280 and then trailed aggressively.
Option data does not suggest that much bullishness with good call writing t 18350 and above levels.
Will prefer to wait for action above 18360 before taking up any positions, if price sustains above it we can take longs with 20 point SL for targets of 18400 and 18420. Price sustaining below 18360 does not mean we take short positions. It will be wise to wait for -ve price action before taking shorts.
Safe areas to enter shorts will be below 18270 with 50% quantity and add more as price sustains below 18250 for final targets of 18200 and 18180. SL can be placed at 18280 and then trailed aggressively.
Option data does not suggest that much bullishness with good call writing t 18350 and above levels.
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