Important Levels for 05-01-2022. A volatile session ended with a good breakout. If we open flat and sustain above 17880, we can take longs with SL of 17860 for targets of 17920, 17960 and 18000. But if we trade lower, we can take shorts below 17850, with SL of 17880, for targets of 17830,17810 and 17780. A gap up opening and short positions can be taken if we see...
Important Levels for 04-01-2022. A trending day and we can expect the prices to consolidate tomorrow inside a small range. The levels marked can act as support and if we observe god volumes we can take longs with a 40-50 point SL and look for the next levels as targets. If we start sustaining above 36700, we can look for targets of 36800,36900 and 36960. We can...
Important Levels for 04-01-2022. We did witness a lovely trending day and all our targets were achieved quite easily. Now we can see that we did face some kind of resistance at the last swing high but with good volumes support we can expect to cross this level and tag higher prices. If we see a gap down open or we see any spikes on the downside, 17630-17660 can...
Important Levels for 03-01-2022. Nothing happened in the index after the initial burst and was completely sideways throughout the day with a trading range of about 70 points. Unless we start trading above this zone fresh trades should be avoided. Once we give a candle close above 17440, we can take longs with SL of 17410 and aim for targets of 17485,17520 and...
Important Levels for 03-01-2022. An initial burst followed by a completely sideways market. Tomorrow if we open flat and cross 36730, we can take longs with SL of 36660 and look for targets of 36860,36980 and 36050. If we open with a gap up, we shall wait for the prices to come till 36700 on the down side and then plan longs once we see +ve price action supported...
Important Levels for 30-12-2021. The move came bit to late to capitalize upon. If we see a flat opening and we start trading below 34920, we can take shorts with SL of 34980 and aim for targets of 34780,34680 and 34420. If we open with a big gap down. we shall wait for price action at 34920-35040 which can act as resistance zones and the plan short trades...
Important Levels for 30-12-2021. An uneventful day although fast execution in the morning did give us our entry and our targets. Tomorrow being the expiry, and the index still in range we can expect wild movements in either side. Will avoid to trade inside the range of last couple of sessions (17160-17280) and take trades once this range is broken. If we open...
Important Levels for 29-12-2021. Clearly the sluggish of the two indices. We were not able to take out the open although we saw some kind of movement in Nifty. 35050-35120 can act as a support zone and if we witness any kind of upward movement with volumes, we can take longs with a SL of 50-60 points and aim for targets of 35220,35300 and 35360. Price sustaining...
Important Levels for 29-12-2021. The index traded inside a small range after opening with a gap up and did see the entire range for today almost being covered in the last 45 minutes making it quite possible to see a good move on the upside tomorrow. If we open flat or with a small gap down, 17170-17200 to be a nice support zone and we can place our long entries...
Important Levels for 28-12-2021. Once we start trading above the trend line after we open flat or with a small gap down, we can take longs with SL of 50-60 points and aim for targets of 35290,35360 and 35480. But if we start moving down, 34900-34990 can act as good support area and we can take longs here with SL at 34900 and aim for targets of 35100,35190 and...
Important Levels for 28-12-2021. We did witness a nice trending day today and a close almost at day's high. Tomorrow if we see a flat opening and prices sustaining above 17120, we can take longs in a small quantity with SL at 17100 and then add on quantity once we trade above 17150 and aim for targets of 17190,17220 and 17260. To be on the safe side, a less risky...
Important Levels for 24-12-2021. The index traded inside a small range and no clear momentum was seen in any side. If we open flat and see 17040-17060 acting as support then we can take longs with a tight SL of 17025 for targets of 17105,17125 & 17150. But if we sustain and trade below 17025, we can take shorts with SL of 17045 for targets of 16980,16950 &...
Important Levels for 24-12-2021. The bulls wanted to stay in control but did not have the strength and eventually the bears came in and we saw a close almost at day's low. If we open flat and see price sustaining above 35150, we can take longs at 35180, with SL of 35130 for targets of 35260,35350 and 35450. but if we see price falling and sustaining below 35030,...
Important Levels for 25-11-2021. The index laboriously tried moving up but was neither supported by strong volumes nor it had the support of Nifty and just as it looked to clear the resistance zone, the bears got into action and took the prices down. The closing level of 37350-37400 will be important to watch out tomorrow. If we open flat or with a small gap up...
Important Levels for 25-11-2021. The index was definitely the weaker of the two indices and was stuck in a small range of 50 points before the bears gained complete control and closed strongly. 17350-17360 had seen good buying yesterday and will be a important zone to consider tomorrow. If we open slight gap up or flat and start trading below 17350 we can take a...
Important Levels for 24-11-2021. The levels to watch out tomorrow is 37420-37460 on the upside and 37060-37100 on the downside. If we see price sustaining above 37460, we can take longs with SL of 37400 and aim for targets of 37620,37740 and 37860. The SL needs to be trailed aggressively as once we cross 37660 we will be entering a resistance area and there is a...
Important Levels for 24-11-2021. We did see aggressive buying once we moved below yesterday's low making it clear that bulls have not yet given up completely and at 17500-17540 we saw good volumes of selling happening also and eventually we closed 50 points above yesterday's close. Tomorrow if we see a gap up opening or if we open flat and fail to cross 17540 we...
Important Levels for 23-11-2021. Tomorrow, if we see a flat opening or a small gap up and we see any negative candle at 38430-38460 area, supported with good volumes, we can take short positions with a 60-70 point SL and aim for targets of 37280,37220 and 37170. If we see a gap down opening, we shall wait for the price to sustain below 37170 and then take...