deepss4u

deepss4u Updated 

Important Levels for 07-06-2021. Everything happened as planned and all targets marked were achieved steadily and then what we saw was a good amount of profit booking in the last 1.5 hours and that has made the situation quite interesting. 35520-35550 is a HVN of today and if the index has to see higher levels then a good bounce is expected from these levels and...

deepss4u Updated 

Important Levels for 06-07-2021 After the first 30 minutes there was hardly any movement or volumes in the index until 12:15 pm when the volumes picked up and we saw a movement in favor of the bulls but nowhere did the bears completely give up. The last couple of hours shows a good amount of positive volumes and the close at the day's high does tinker our minds to...

deepss4u Updated 

Important Levels for 05-07-2021. Considering the bigger picture, price in the last week except for Monday has been playing inside the Value Area of the previous two weeks thereby overlapping each other, so not expecting any major move unless 35400 or 34550 is breached. On an intraday basis price sustaining above 35050 (34920 in spot) we can test 35210-35240 levels...

deepss4u Updated 

Important Levels for 02-07-2021 The index was not able to break any of our levels yesterday, we stick to our same plan as last time. We short below 34650 levels for targets of 34500-34530 zones and price sustaining below will see 34300 levels. No longs unless any good price action at our support levels, but avoiding longs will be a better option.

deepss4u Updated 

Important Levels for 01-07-2021 Short covering happened once day's high was taken out but prices could not cross the last swing high and came down quite fast after the open was tested again. We could look to short below 34650 levels for targets of 35510-35530 zones. If prices go below this and sustains for some time 35300 level will be tagged. Also considering the...

deepss4u Updated 

Important Levels for 30-06-2021 The index lacks strength and that was evident from todays play, every time it tried to go up, sellers came in and kept pushing prices down. 35050-35150 zone should be treated as no trade zone and no trades to be initiated in this zone. Shorts can be taken if price sustains below 34920 levels for 10-15 mins for initial target of...

deepss4u Updated 

Important Levels for 29-06-2021 After the initial 30 mins, the market was stuck in a range as we had expected and there was no momentum on either side. Still we look to go long above 35550 levels for targets of 35720 and 35800. If we look to be a bit aggressive then we can take some quantity above 35450 with a tight SL and add more quantity as it moves above...

deepss4u Updated 

Important Levels for 28-06-2021 Index currently inside a no trade zone (34300-34500). It was bullish on friday but we saw a good amount of profit booking at 35400+ levels. Fresh longs can be initiated with price sustaining above 35550 levels for targets of 35720 and 35800. Also any pullbacks to 35220-35250 zones can be bought with a SL of 35150 and trailed...

deepss4u Updated 

Important levels for 25-06-2021 Index is still indecisive to the direction it wants to move. 34750-34770 will act as a support area and any positive price action seen at these levels should be bought for targets of 34900 and 35000 levels. Also in the case of a gap up, price sustaining above 35050 levels can be good to buy for 35250 levels. Price sustaining below...

deepss4u

Important Levels for 24-06-2021 The resistance zone (34840-34940) acted as expected and the price despite being thereabouts most of the time was not able to break it making it clear the bulls are weak above 34900 and bears although were not that strong still defended the zone. The previous swing low has been defended well today but tomorrow the first 15 minutes...

deepss4u Updated 

Important Levels for 23-06-2021 The markets are doing the exact opposite of what we expect it to do, yesterday the put build up and the breakout suggested a good upward move but today it opened gap up moved to the resistance zone and fell back to yesterday's swing low. Looking at todays chart it looks bearish. Expecting to short below 34700 levels for a target of...

deepss4u

Important Levels for 22-06-2021 Job well done by the bulls, irrespective of what happened globally, we opened gap down and recovered nicely to close at the extreme. Will look to go long once 34950 in futures and 34930 in spot is broken for targets of 35200 zones in futures. Price sustaining above 35200-35250 zones will tag 35410 and 35535 levels. Option chain also...

deepss4u

Important Levels for 21-06-2021 Global sentiments are looking negative. There was a massive turnaround in the second half with all the work of the bears being outdone by the bulls, but the volumes were not that good in the buy side. Might be a volatile day, wait for the opening and let the chart develop. Will short below 34400 for targets of 34220-34250. Price...

deepss4u Updated 

Important Levels for 18-06-2021 34450-34500 zone will be crucial, if price falls below it and sustains for more than 15 minutes we can see a rapid fall till 34180-34200 levels followed by 34050 levels. If positive price action is seen at 34450-34500 zones then we can buy for targets of 34700 and 34850.

deepss4u Updated 

Important Levels for 17-06-2021 Still in an undecisive position. The support zone from yesterday now acting as a resistance zone (35190-35240). The marked green box (34840-34950) the zones where heavy volumes were bought day before should act as a good support and any positive price action at these levels can be bought with SL of 34700. This is also being...

deepss4u Updated 

Important Levels for 16-06-2021 Considering todays option chain price should have rocketed up with massive call unwinding from 34500 to 35000 spot levels but strangely we saw the price stuck in a tight range after the initial burst. A good amount of buying has happened at 35190-35240 levels and if we see a pullback to these levels a long position can be taken for...

deepss4u

Important levels for 15-06-2021. Strong low formed at 34450 levels, highly unlikely to be breached in this expiry. Will prefer to take longs if 35100 levels are sustained for targets of 35370, 35535 and 35630. Price sustaining above 35850 levels will make Bank Nifty super bullish. But with massive call additions at 35500, 35630 level in futures can act as...

deepss4u Updated 

Important levels for 14-06-2021 Safe levels to short is below 34050 for targets 34900 and 34750. Will take longs based on price action but on the safer side longs above 35850 levels can give good gains.