Important Levels for 07-01-2022.
We witnessed a big gap down opening and the price went down immediately and found support at 17680-17700. Then we saw some high volatile expiry moves.
Talking about tomorrow, the important resistance zone will be from 17795-17845 and important support zone shall be 17685-17710.
We expect a sideways day with pullbacks between these zones. Longs can be taken once 17850 is crossed and price sustains above it with SL of 17820 and targets of 17900,17940 and 17980.
If price crosses 17685 and sustains below it, we can take shorts with half of our normal position sizing, SL can be placed at 17715 and targets of 17660,17640 and 17600 should be aimed. Price sustaining below 17600 can test 17560.
We witnessed a big gap down opening and the price went down immediately and found support at 17680-17700. Then we saw some high volatile expiry moves.
Talking about tomorrow, the important resistance zone will be from 17795-17845 and important support zone shall be 17685-17710.
We expect a sideways day with pullbacks between these zones. Longs can be taken once 17850 is crossed and price sustains above it with SL of 17820 and targets of 17900,17940 and 17980.
If price crosses 17685 and sustains below it, we can take shorts with half of our normal position sizing, SL can be placed at 17715 and targets of 17660,17640 and 17600 should be aimed. Price sustaining below 17600 can test 17560.
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