Important Levels for 04-11-2021 and 08-11-2021.
The index tried to go up initially but failed and the bears gained control and we saw close to a 200 point fall. Tomorrow being more of a holiday and followed by a long weekend, we can expect nothing except just see what the retail traders think.
Shorts can be taken below 17770, with SL of 17795 for targets of 17735,17700 and 17650.
If we witness a gap up, 17905-17935 will act as resistance and shorts can be taken for targets of 17860, 17810 and 17775. SL of 25 points can be given as per entry.
For longs, will prefer to wait till 18015-18035 is crossed and price sustaining above it,
The index tried to go up initially but failed and the bears gained control and we saw close to a 200 point fall. Tomorrow being more of a holiday and followed by a long weekend, we can expect nothing except just see what the retail traders think.
Shorts can be taken below 17770, with SL of 17795 for targets of 17735,17700 and 17650.
If we witness a gap up, 17905-17935 will act as resistance and shorts can be taken for targets of 17860, 17810 and 17775. SL of 25 points can be given as per entry.
For longs, will prefer to wait till 18015-18035 is crossed and price sustaining above it,
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