Important Levels for 11-11-2021.
We had an interesting day with a gap down opening and then after the first 15 minutes we had a slow up move and once it crossed 18000 we saw a fast move of 70 points and then price rejection from yesterday's VPOC.
If we see a flat open tomorrow, we can short once price goes below 18000, with SL of 18030 for targets of 17960,17940 and 17910.
If we see a gap up opening, 18070-18090 will be the nearest resistance and both long and shorts can be initiated after we see price action at this zone. If price starts falling, we can keep a small SL of 20 points and aim for targets of 18030,18010 and 17960. But if price starts going up, we might see short covering and with SL at 18070 we can aim for targets of 18140,18160 and 18190.
If we see a gap down opening, 17930-17960 is the next support area and we can plan trades only after this zone s breached. However till 17880 is not breached, will look to short with less quantity.
Option chain is almost flat with 17900-18100 as the likely range for this expiry.
We had an interesting day with a gap down opening and then after the first 15 minutes we had a slow up move and once it crossed 18000 we saw a fast move of 70 points and then price rejection from yesterday's VPOC.
If we see a flat open tomorrow, we can short once price goes below 18000, with SL of 18030 for targets of 17960,17940 and 17910.
If we see a gap up opening, 18070-18090 will be the nearest resistance and both long and shorts can be initiated after we see price action at this zone. If price starts falling, we can keep a small SL of 20 points and aim for targets of 18030,18010 and 17960. But if price starts going up, we might see short covering and with SL at 18070 we can aim for targets of 18140,18160 and 18190.
If we see a gap down opening, 17930-17960 is the next support area and we can plan trades only after this zone s breached. However till 17880 is not breached, will look to short with less quantity.
Option chain is almost flat with 17900-18100 as the likely range for this expiry.
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