NIFTY
Important levels for 13/09/2022.
Twice the index tried giving a breakout but failed and the second failed breakout saw a drop of 75 points into the close giving the sellers control.
For tomorrow, 17978-17988 can act as a resistance and if we see price rejection there, we can take shorts with a 25-30 point SL and aim for targets of 17930,17873 and 17815. If we still sustain below it we can test the old buyer reference area of 17738-17763.
On the upside, today's high @ 18025 to be taken out and with the old seller reference quite close would love to give longs a miss.
Twice the index tried giving a breakout but failed and the second failed breakout saw a drop of 75 points into the close giving the sellers control.
For tomorrow, 17978-17988 can act as a resistance and if we see price rejection there, we can take shorts with a 25-30 point SL and aim for targets of 17930,17873 and 17815. If we still sustain below it we can test the old buyer reference area of 17738-17763.
On the upside, today's high @ 18025 to be taken out and with the old seller reference quite close would love to give longs a miss.
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