Important levels for 11-06-2021. An unexpected turnaround from what we saw yesterday. Look to go for longs if you get the chance at 35040-35080 levels on a pullback for targets of 35375 and 35535. If 35080 levels does not come then 35190 can also be considered to take longs but for the same targets mentioned. In case of a big gap up 35550 can be a good place to...
Important Levels for 09-06-2021. We saw a sharp selling today at the open followed by a sharp pullback to the previous POC of 4th June at 35537 levels. The selling in the second half has made things really interesting. To be on the safer side, we should short futures only after 34700 is taken out and simultaneously 34640 is taken out in spot for targets of 34570...
Important Levels for 09-06-2021. Weak low present at 35226 which has to be tagged early tomorrow. Price sustaining below 35220 levels can test 34100 followed by 35040 and 34950. Not wise to go long seeing the current chart.
Important Levels for 08-06-2021. Effects of margin rule can be seen from declining volumes. Market has been in a tight range for a while and we can see a 1000+ point rally in either direction but I have a negative bias. Looks good to short below 35500 for targets of 35360, 35250 and 35150. Longs only above 35890.
Important Levels for 07-06-2021. Looks good to short below 35360 levels for a target of 35250 followed by 35150. Else we can short seeing the price action at 35650-35700 levels. Look for longs only above 35850 levels.
Important Levels for 04-06-2021. Not to go for shorts at this moment. Planning to go long if market opens flat for target of 36000.
Important Levels for 03-05-2021. Does not look negative. Will prefer to go long once 35625 levels get broken and price gets acceptance above it for targets of 35800 and 36000. Shorting looks risky.
Important Levels for 02-06-2021 Short below 35230 and long above 35600 zones. The in between zone is a no trade zone for me. With so many calls written today, I am having a negative bias for tomorrow.
Important Levels for 01-06-2021 Bullish till prices above the trendline. 35380-35420 good support zones and ideal place to go long for targets of 35580 followed by 35800 & 36000 levels, In case of a gap up above 35600, wait for price action and look to go long,
Important Levels for 31-05-2021 Once the price crosses 35215-35250 levels, we can test 35400 followed by 35550 levels. The overall trend is bullish and with a strong low being formed at 35000 levels, i would not prefer shorting until 35000 is taken out strongly.
Important Levels for 28-05-2021. Sustaining above 34215-34230, we can test 35400 levels followed by 34550. Long term bullish till it is above the trendline.
Important Levels for 27-05-2021. Close at an interesting position, looks like a sell on highs pattern. 34820-34850 crucial zones, getting a chance to short near these levels shall give us targets of 34650 & 34550. Looking at he option chain, would be good to avoid longs till 35000 taken out strongly.
Important Levels for 26-05-2021 The index held on to 34650 levels for long and once it broke it tested support zones of 34450-34500 and we had a wonderful upside rally. Still not confident of taking longs as long as 35000 not taken out with good volumes. Will prefer to short below 34700 with targets of 34550 and 34450. I am having a bearish view.