deepss4u

deepss4u

Important Levels for 02-08-2021 The range of 15800-15830 has to be treated as a NO TRADE ZONE strictly. The best trade looks a short at 15800 levels for targets of 15760, 15735 and 15700. SL will be at 15830. If we open gap down we wait for the price to settle and enter at any of our previous mentioned targets upon seeing any -ve price action for the lower...

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Important Levels for 02-08-2021 Trading scenario for longs are not at all looking convincing. We can short once price sustains below 34480 with a SL of 34550 and aim for targets of 34360, 34280 and 34150. View is also being strengthened by the 61.8% fibo rejection at 34770 levels and open interest also has a negative bias. Avoid longs unless we find support at...

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Important Levels for 30-07-2021 Once the index crosses the marked resistance zone (34700-34770), it will soon run into another strong resistance area at 34870-34920 and above that we have the phycological 35000. So for upside we have to wait till 35050 is breached with good volumes. If it is able to breach then we can set targets of 35150,35320. SL should be kept...

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Important Levels for 29-07-2021. Unpredictability at its very best, what we witnessed today can make things pretty interesting for tomorrow. Any long position now looks risky, similarly with so many support zones formed today a down move will also be equally risky. Option data for today suggests good amount of Call addition at 34500 and above levels with not that...

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Important Levels for 28-07-2021. Again there was buyer exhaustion at 35150 levels and slowly but steadily the bears gathered control. 34750 levels did stop the rapid fall but unlike previous two sessions was not able to get to higher levels. Looks like a sell on rise market for tomorrow as there has been huge call addition today at 34800 and above levels. Any...

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Important Levels for 26-07-2021. The price rejection was fast once 35100 was crossed and we could see buyer exhaustion at 35050+ levels. Still with the price above major levels going fresh shorts can be a bit risky. We can grab a quick 120-150 points on the downside if we have a flat opening and price going below 34900 with a strict SL at 34950. A gap down opening...

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Important levels for 26-07-2021. 34900-34930 will be a crucial zone in the next session. Any positive action here an see a bounce till 35120-35150. SL can be kept at 34870. Price going below it and sustaining we can see 34750 levels followed by the strong support zone at 34580-34650 zones. The SL can be 34930 and our entry can be around 35850. In case of a massive...

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Important Levels for 23-07-2021. 34825-34900 will act as a resistance zone and any negative price action with good volumes here can be a good entry for fresh shorting position with a SL of 34950 for targets of 34750 and 34600. In case we open flat and go below 34580 we can also short for targets of 34500 and 34430. We can look to go long only if price sustains...

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Important Levels for 22-07-2021. Price going below today's low of 34440 and sustaining for 15 mins minimum we can see a rapid fall till 34320-34330 levels and if we still have a bearish momentum we can tag 34200-34240 zones intraday. With large volumes of call addition at 34500 and some put unwinding at 34000 levels down move is more likely. Longs should be...

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Important Levels for 20-07-2021. Any negative price action seen between 35260-35320 can be used as an entry for fresh short position for targets of 35120-35150 levels and 35020-35050 levels as our second target. Price sustaining above 35350 shorts should be exited. Positive price action at 34880-34920 levels can be a entry for longs with strict SL of 35820 and...

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Important Levels for 19-07-2021. Lovely shorting scenarios for prices sustaining below 35710 levels for targets of 35560-35580 followed by 35300 levels, this is also being supported by the heavy call addition at 35500. In case we open flat 35860-35880 levels can be our entry with SL of 35960 for initial target of 35710-35730. Longs to be strictly avoided for now.

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Important Levels for 16-07-2021. Finally we get a closing above 35900 levels which makes the overall picture look bullish. Opening flat and sustaining above 36070 levels can test 36230-36270 levels followed by 36450. SL for this should be kept at 34980 further any pullbacks to 35880-35900 can be bought only if we see positive price action there. In any case if...

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Important Levels for 15-07-2021. 35715 once broken with volumes can test 35580-35600 levels followed by 35500, else any positive price action at 35710 can be a risky buy for targets of 35840-35880 as the option data suggests good call addition at 35700+ levels. On the upside, will prefer to wait till the resistance zone (35800-35830 in spot) is cleared off before...

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Important Levels for 14-07-2021. As we had pointed out earlier once price kept sustaining above 35510-35530 levels a upside was expected and we did see a nice rally in the second half. For tomorrow we can buy any pullback to 35710-35730 levels for targets of 35880-35900 with SL of 35660 and trailed aggressively. In case we open flat or small gap up, we run...

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Important Levels for 13-07-2021. The entire day the price stayed within our no trade zone but the negative price action at 35530 did give us a chance to go short and further it was helped by a massive sell off in global markets. For tomorrow, it will be good to short below 35120 levels for target of 34920-34950 levels which is also the VPOC from 02-07-2021. We can...

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Important Levels for 12-07-2021. Simply looking at last session's activity we can say that the bulls were slightly more dominant but looking at the last 4-5 week's activity we are still trading within a 900 point Value Area (34600-35500) and until we break the complete range a massive move is not expected. Talking about scenarios for Monday, will be interested to...

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Important Levels for 09-07-2021. Yesterday's closing was too good to be true, everything looked positive but what happened was least expected which again makes the statement "Don't try to predict the market" gain its weight even more. The index had a free fall once 35500 was broken and interestingly took support at last week's VAL and has closed just at this...

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Important Levels for 08-07-2021. Bulls showed their strength in the later half and closed the day at the top making us have a bullish view for tomorrow's session. 35510-35530 proved to be a major support zone and provided the launch pad for today's move and price sustained near the 35720-35750 zones and we almost saw 35900 in the last minute. Any pullbacks till...