Important Levels for 02/09/2022. We witnessed a volatile session but our levels worked wonders and in the end had a good expiry. For tomorrow, the seller reference zone is 39600-39780 and if we see a flat open and price gets rejected we can witness a good fall. The targets to look forward here are 39100,38952 and final targets of 38796. SL here will be 39800. If...
Important Levels for 01/09/2022. With the VA shifting to the upside in the last minutes, either the morning longs have booked out of their positions or smart money have taken positions. On Thursday if we cross today's high and sustain above it for the first 5 mins, we can see another round of buying till the old seller reference of 17938-17980. But if we start...
Important Levels for 01/09/2022. What a day it was, we had expected this move and captured a good chunk of it. The buying was relentless and even pullbacks were not more than 50 points, such was the strength. For the expiry, once we cross today's high @ 39800, the immediate seller reference area is from 39984-40083. Longs taken can book full profits here. Any...
Important Levels for 30/08/2022. Once we break today's high @ 17440, and sustain above it for 15 mins, we can take long positions and look to book complete position at the previous seller reference of 17660-17710. Partial gains to be booked around 17515 and 17615. I personally wont be shorting the index as to where it stands currently. Scalps can be taken once we...
Important Levels for 30/08/2022. A big gap down but after that not much strength was seen from the sellers and the buyers defended 38400 levels brilliantly. If we open flat and sustain above today's high @ 38560 for a 15 min candle, a wonderful trade opens up with final targets of 39218. Partial positions can be booked at 38740 and 38960. SL can be of 80-100...
Important levels for 26/08/2022. For tomorrow we will watch spot chart and switch to Future charts after a couple of days. Once we break 17438 level, we can test the previous buyer reference area of 17290-17330. 17380 can act as a pullback zone and we can look to book some profit here and trail the positions for bigger targets. 17438-17494 is a buyer zone and any...
Important levels for 26/08/2022. Hope everyone had a wonderful expiry. As the contracts have changed, we will look at spot charts for a couple of days and then back to future charts. Once we break today's low the next reference to look forward for old buyer zone is around 38502 followed by 38319-38225. We can expect a slight support at 38680 regions. Safe traders...
Important levels for 25/08/2022. We now have had 2 days of almost same VA and seeing it get breached in the final 30 minutes. For tomorrow, once we break 17643 and see a 15 min candle close above it we can take longs and look for targets of 17690 and trail our positions till the previous seller reference of 17760-17834. On the downside, we can take shorts when...
Important Levels for 25/08/2022. Just like yesterday we saw buying that too with volumes pot 3pm and it being inside our old seller zone was wisely avoided. If we open flat and cross 38204, we can take positions for longs as the next seller reference zone at 39460-39688 as final targets. SL for this trade can be kept at 39120. Any gap down open and we can look to...
Important Levels for 24/08/2022. Shorting the index near current levels is a big NO for me as we do not see a good RR. If we see any pull back to 17600-17610 we can take longs but if we open flat we can take longs once we see a positive first 5 min candle. The next reference to look here is 17760-17834 zones. This is the only trade which looks feasible to me for...
Important Levels for 24/08/2022. The index opened well below the previous buyer reference area and moved up quite rapidly till previous day VAH before facing resistance and stayed thereabout before the final burst. Looking at the charts, we can decode that the buying volume has increased and 38310-38430 should act as a big support. The untested seller reference...
Important Levels for 22/08/2022. The sellers look to have taken firm control in one day of selling, but market does like to spring surprises. 17920-17980 is a strong seller reference area and likely to see another round of selling when we reach these zones again. The closest selling area is from 17780-17823 but to be on the safer side longs should be avoided till...
Important Levels for 22/08/2022. One day of brutal selling and we engulf 3 days in one move. The big sellers are now concentrated in the reference zone of 39460-39670 and likely to sell again when the price reaches here again making it a great place to go short again. The nearest resistance area is between 38990 and 39210 and advised not to take any position as...
Important Levels for 19-08-2022. First half the sellers got the control after a long time but the force with which the byers fought back was the thing to look for. The index is super bullish and the next major levels to look forward to is the reference zone of 39985-40085 an till that there is no stopping the index. The largest volumes in the up move post 2pm are...
Important Levels for 19-08-2022. The index is so bullish that we are printing Higher highs every day. The next important reference on the upside is from 18047-18096 and there is a high probability of that happening. The up move post 2 pm is concentrated in the range of 17949-17965 and any dips till this zone can be bought. 17912-17922 will be another zone to mark...
Important Levels for 18-08-2022. The way the index is behaving major moves are happening overnight and intraday ranges are too tight to aim for big targets. The index has closed at good levels and above the surge by late buyers. The last leg of the up move today has good buyers in the zone between 39410-39440 and if by any chance we open flat or with a small gap...
Important Levels for 18-08-2022. The index is getting tougher and tougher for intraday directional players and tomorrow being the weekly expiry we can hope that changes. 17930-17960 can be the support reference area, below 17930, we can see 17910,17885 and 17860. We should look for small targets on the downside and trail aggressively as we are seeing buyers coming...
Important Levels for 17/08/2022. Another volatile day and again no supports being broken. The largest sellers for today are concentrated in the zone 39270-39320. Unless we close a 15 min candle above this region, my bias will be to short. In case of a flat open, ideal levels to short will be below 39270 with SL of 39320 for targets of 39220,39180,39100 and 39000....