NIFTY
Important Levels for 09-11-2021.
The market just did a big reversal and that too well supported by volumes.
Tomorrow we can see another round of buying if we see any dips till 18090-18110 level, SL can be kept at 18060 and we can am for targets of 18140,18160 and 18195. But if we open a bit up and start trading upwards, longs can be initiated at 18160, with SL of 18130 for targets of 18195,18260 and 18280.
If we open with a gap down, 17990-18040 can act as a support zone and we can see bounce from here. Longs taken here can have a SL of 25-30 points and targets of 18100,18140 and 18160.
Shorts can wait unless we open with a big gap up and see -ve price action at higher levels supported by good volumes.
Option data looks more bullish than bearish.
The market just did a big reversal and that too well supported by volumes.
Tomorrow we can see another round of buying if we see any dips till 18090-18110 level, SL can be kept at 18060 and we can am for targets of 18140,18160 and 18195. But if we open a bit up and start trading upwards, longs can be initiated at 18160, with SL of 18130 for targets of 18195,18260 and 18280.
If we open with a gap down, 17990-18040 can act as a support zone and we can see bounce from here. Longs taken here can have a SL of 25-30 points and targets of 18100,18140 and 18160.
Shorts can wait unless we open with a big gap up and see -ve price action at higher levels supported by good volumes.
Option data looks more bullish than bearish.
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