Important Levels for 25-05-2021. Should avoid to trade between 34750-35000 levels. A strong high formed at 34345, should act as a good resistance. Will look to short when the trendline gets broken and would go long if 35000 levels get broken and price sustains above it for target for 34350.
Important Levels for 24-05-2021. These are spot levels not futures. A pullback to 34350 levels can be a good place to go long with initial target of 34750 followed by 35050 levels. In case of a gap up and price sustaining above 34750, the targets shall be 35050 levels further up move can test 35350 levels. Will short if price falls below 34000.
Important levels for 21-05-2021 14980 the previous support will now act as a good resistance zone, shorting near these levels will give initial targets 14925 followed by 14850 levels. In case of Gap Down we shall look to go long at near 14850 levels only after seeing price action, but most likely 14850 should hold if not our next support is at 14680-14700 zones.
Important levels for 21-05-2021 33600 will be a good resistance and 33300-33330 good support zone. Price sustaining below 33300 will test 33190 the HVN of 17-05-2021 followed by next support at 32980. We can further short if price tests 33600 and we see a -ve candle.
Important Levels for 20-05-2021 With a strong low being formed at 33650 levels, expecting it to hold this expiry and act as a strong support. Index forming LH, but i personally will be bullish above 33870-33890 levels for a initial target of 34000-34040 and final target of 34200, with SL at 32760 levels. Will short only if 33540, the VPOC from 17-05-2021 is taken...
Important levels for 19-05-2021 No trades till the trend lines are broken. 34000-34040 will be a crucial zone, 33724 good support 34529 good resistance
Important levels for 18-05-2021 The first point of resistance and target for longs should be 33720 levels, the HVN of 29th April. Sustaining above it shall see targets of 33950 and 34200. 34370-34420 a great support zone and if prices drop till there a great buying opportunity. No downside unless some bad news comes in.
Important levels for 18-05-2021 First resistance and target for existing longs shall be 14980 levels, the HVN from 10th May. Sustaining above 14980 level shall test 15036 levels followed by 15140. 14920-14930 good support zone and area to take fresh longs. 14840 zone shall act as good support.
Important levels for 17-05-2021 The index was stuck inside a range and traded within it for a larger part today after the initial fall. Despite of a good number of attempts to break 32400 levels the price never closed above it, so sellers safeguarding their positions at that level. Again weak low formed today at 32185 level which will be tested early on Monday,...
Important levels for 14-05-2021. The prices tried to move higher at the start of the last session but were rejected from the previous day's VAL and price being accepted well under gives us an indication that a up move is highly unlikely to happen. 32670 zones will act as immediate resistance and shorting near these levels will be great for a target of 32120...
Important Levels for 12-05-2021. The range is getting tighter and tighter, buyers not buying above POC and sellers not selling below it. Unless range gets broken either side cant foresee big moves. Still I will be bearish below 32800 for targets of 32650 followed by 32560. Will only buy if price sustains above 32300 and crosses 33424 levels with volumes.
Important Levels for 11-05-2021. The range was established in the first hour itself and no strong buying or selling occurred at higher and lower levels respectively. Smart money was completely out and it was a clear case of fight between the retailers which is evident from low volumes. 5th day where the index has done nothing significant. Today's low at 33164 is a...