NIFTY
Important Levels for 10-11-2021.
On a daily time frame we have got an inside candle with lows being bought quickly by passive buyers and with good volumes below, we can expect a good up move tomorrow.
Once we cross 18100, and the price stays above it for at least 5 minutes, we can take longs with a strict SL of 18075. Our potential targets should be 18140,18160 and 18190.
But if we see a gap up and we continue to trade above 18160, we can also initiate trades here with SL of 18135 for targets of 18190,18260 and 18280.
If we have a very big gap up opening, we shall wait before taking any positions.
Shorts likely to be taken below 17975.
Option data shows huge put unwinding and calls seems to be dominating. This means super bearishness as per OI is concerned.
Contrasting views, but will stick to my levels.
On a daily time frame we have got an inside candle with lows being bought quickly by passive buyers and with good volumes below, we can expect a good up move tomorrow.
Once we cross 18100, and the price stays above it for at least 5 minutes, we can take longs with a strict SL of 18075. Our potential targets should be 18140,18160 and 18190.
But if we see a gap up and we continue to trade above 18160, we can also initiate trades here with SL of 18135 for targets of 18190,18260 and 18280.
If we have a very big gap up opening, we shall wait before taking any positions.
Shorts likely to be taken below 17975.
Option data shows huge put unwinding and calls seems to be dominating. This means super bearishness as per OI is concerned.
Contrasting views, but will stick to my levels.
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