Important Levels for 04-01-2022.
A trending day and we can expect the prices to consolidate tomorrow inside a small range.
The levels marked can act as support and if we observe god volumes we can take longs with a 40-50 point SL and look for the next levels as targets.
If we start sustaining above 36700, we can look for targets of 36800,36900 and 36960.
We can...
Important Levels for 04-01-2022.
We did witness a lovely trending day and all our targets were achieved quite easily. Now we can see that we did face some kind of resistance at the last swing high but with good volumes support we can expect to cross this level and tag higher prices.
If we see a gap down open or we see any spikes on the downside, 17630-17660 can...
Important Levels for 03-01-2022.
Nothing happened in the index after the initial burst and was completely sideways throughout the day with a trading range of about 70 points. Unless we start trading above this zone fresh trades should be avoided.
Once we give a candle close above 17440, we can take longs with SL of 17410 and aim for targets of 17485,17520 and...
Important Levels for 03-01-2022.
An initial burst followed by a completely sideways market.
Tomorrow if we open flat and cross 36730, we can take longs with SL of 36660 and look for targets of 36860,36980 and 36050.
If we open with a gap up, we shall wait for the prices to come till 36700 on the down side and then plan longs once we see +ve price action supported...
Important Levels for 30-12-2021.
The move came bit to late to capitalize upon.
If we see a flat opening and we start trading below 34920, we can take shorts with SL of 34980 and aim for targets of 34780,34680 and 34420.
If we open with a big gap down. we shall wait for price action at 34920-35040 which can act as resistance zones and the plan short trades...
Important Levels for 30-12-2021.
An uneventful day although fast execution in the morning did give us our entry and our targets.
Tomorrow being the expiry, and the index still in range we can expect wild movements in either side.
Will avoid to trade inside the range of last couple of sessions (17160-17280) and take trades once this range is broken.
If we open...
Important Levels for 29-12-2021.
Clearly the sluggish of the two indices. We were not able to take out the open although we saw some kind of movement in Nifty.
35050-35120 can act as a support zone and if we witness any kind of upward movement with volumes, we can take longs with a SL of 50-60 points and aim for targets of 35220,35300 and 35360.
Price sustaining...
Important Levels for 29-12-2021.
The index traded inside a small range after opening with a gap up and did see the entire range for today almost being covered in the last 45 minutes making it quite possible to see a good move on the upside tomorrow.
If we open flat or with a small gap down, 17170-17200 to be a nice support zone and we can place our long entries...
Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart.
Our levels worked very well today too.
What Next?
Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone.
But nowadays sentiment is positive...
