Important Levels for 03/08/2022.
We witnessed big profit booking in the last hour and ended the day just at the POC.
Tomorrow, will be very much interested to take shorts once we sustain below 17300 for targets of 17260,17220 and 17200. The SL for this will be around 17330.
If we see a gap up, the important reference to look forward is 17395-17405, if we see rejection at this levels, we can plan shorts with SL at 17420 for targets of 17370,17350 and 17310.
A gap down and we shall wait to see action at 17250 levels, if we break and sustain below it we can see 17180 and 17140.
17260 has seen big buyers coming in today, so if we open gap down and find buying support at 17260, we can take longs with 17240 as SL for targets of 17300,17350 and 17370 (Less qnty advised).
We witnessed big profit booking in the last hour and ended the day just at the POC.
Tomorrow, will be very much interested to take shorts once we sustain below 17300 for targets of 17260,17220 and 17200. The SL for this will be around 17330.
If we see a gap up, the important reference to look forward is 17395-17405, if we see rejection at this levels, we can plan shorts with SL at 17420 for targets of 17370,17350 and 17310.
A gap down and we shall wait to see action at 17250 levels, if we break and sustain below it we can see 17180 and 17140.
17260 has seen big buyers coming in today, so if we open gap down and find buying support at 17260, we can take longs with 17240 as SL for targets of 17300,17350 and 17370 (Less qnty advised).
Trade closed: target reached:
Wonderfully captured: 17395-17310
Positions exited
Positions exited
Trade active:
Nifty has found support at previous support zone of 17260-17270, if we see good vols here and price sustains above it, going long with SL of 17240 for targets of 17325, 17350.
Trade closed: target reached:
NIfty 17325 reached, booked out.