deepss4u

deepss4u

Important Levels for 02-11-2021. A volatile opening and after that we saw a slow but steady movement on the upside. Tomorrow if we see a flat opening and we cross 18040, longs can be taken with SL of 18015, for targets of 18070,18100 and 18050. If we have a gap down opening, 17965-17990 can act as support zone and we can enter here once we see good volumes....

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Important Levels for 01-11-2021. The index was way too volatile and there was no follow up to any big candle in both sides. It will be well off to sit and watch the index settle and the take trades. The safest bet will be to take shorts below 38760 only if we open with a gap down and trade lower. SL can be placed at 38830 and targets to look forward can be...

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Important Levels for 01-11-2021. The last two trading days were high range and high volume days. The overall trend was downwards but the bounces from lower levels were very fast and with good volumes. Every time a low is broken, the retracements are fast and furious making the market highly volatile, the best trade under such circumstances is to take a day off and...

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Important Levels for 29-10-2021. We witnessed huge selling and that too with volumes resulting in the index falling about 2%. After such a big fall, we can expect the market to give a pull back and if we see -ve price action we can short again for targets of 17800,17770 and 17670. Aggressive traders can take short positions at 18930-18950 if we open with a small...

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Important Levels for 28-10-2021. Bank NIfty remained in range most of the time today and then the bears gained control and closed almost at day's low. Tomorrow we can witness a major fall unless we stay above 41085. If we open flat, any up move till 40935 can be sold with SL of 41000 for targets of 40860,40750 and 40660. Else we can take shorts below 40860 with SL...

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Important Levels for 28-10-2021. The index was behaved completely opposite to what we assumed it to behave, we were not able to break yesterday's close and we traded for a long time inside a small range of 50 points without any proper direction and then we saw the index fall and did close just below 18200. Tomorrow if we open flat and trade below 18180, we can...

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Important Levels for 27-10-2021. Finally a string of red candles comes to an end and with heavy buying at lower levels I expect Nifty to give a good buying movement tomorrow. If we open flat, any dips till 18290-18310 can be bought with SL of 18285 for targets of 18350,18380 and 18440. In case of a gap up, wait for the price to consolidate and once we cross 18440,...

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Important Levels for 27-10-2021. An inside day with too much volatility. If we open flat and once we clear 41500, we can take fresh longs with SL of 41400 for targets of 41610,41700 and 41800. Initial SL is a bit on the higher side so the position sizing has to be done accordingly. In case of a gap up, 41610-41700 zone will be a resistance zone and any -ve price...

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Important Levels for 25-10-2021. The index looks as if it has potential for more down move and the option chain indicates that too. But with price hovering close to 18000 level ad Reliance posting good results we can see a bit of consolidation now. Will be interested to short if we trade below 18050, with SL of 18080 for targets of 18010,17970 and 17900. If we...

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Important Levels for 25-10-2021. The last session saw 40190-40250 work as a good support area, so if we see price sustaining below 40200, we can take shorts with a SL of 40250 for targets of 40060,39970 and 39900. On the other hand if we see price sustaining above 39500, we can add 50% positions on the long side and add rest as price crosses and sustains above...

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Important Levels for 22-10-2021. The index moved as per our analysis and gave good trades. For tomorrow, opening flat can give us nice trades. Any dip till 18210 can be bought with Sl of 18190 for targets of 18260,18280 and 18300. If we straightaway move up, we can enter above 18250 for same targets. Price sustaining above 18300 can test 18380 again. If we see a...

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Important Levels for 22-10-2021. What a move we just saw, close to 800 points up move in last 90 mins. But the point to consider in today's breakout as compared to the one we saw last expiry is lack of big volumes today. Also HDFC did not contribute much today. The nearest support zone is 40190-40240 followed by 39960-40060 levels. Any +ve price action here can be...

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Important Levels for 21-10-2021. Yesterday we had a bearish engulfing candle and today we traded mostly below it but the down move was not one way and we did see huge volumes which was a cause of concern to initiate trades comfortably. 18345-18385 will be a resistance zone and any -ve price action can prompt us to initiate shorts with a small SL of 13395 for...

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Important Levels for 21-10-2021. The index just refused to go down today despite Nifty's continuous fall, we were not able to break yesterday's low and we had the price inside yesterday's range today. 39400 once broken, we can take comfortable shorts for targets of 39290,39200 and 39100. SL can be placed at 39480. If we see a flat to small gap up opening then the...

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Important Levels for 20-10-2021. The best case scenario for tomorrow looks to take shorts if we see a gap up opening at around 18500 levels. SL can be 18530 and targets to aim should be 18440,18400 and 18370. We should not short at any level below 18480-18460 because of the big and fast buying happening every time the price has gone down. So, if the price does not...

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Important Levels for 20-10-2021. A bearish engulfing candle has been formed today in daily chart and that is quite indicative of things to come in near future. Tomorrow if we open with a small gap up, any -ve price action seen at 39760 levels supported by good volumes can be a good point to enter shorts with SL of 39820 for targets of 39640,39580 and 39500. If we...

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Important Levels for 19-10-2021. A gap up opening and a consolidation day. 18440-18550 NO TRADE ZONE. Once we cross 18550, longs can be taken with a SL of 18520 for targets of 18580,18610 and 18630. Once we sustain below 18440, we can look for potential targets of 18400,18360 and 18320. SL has to be around 18470 levels. Option data indicates 18300 to be a major...

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Important Levels for 19-10-2021. We opened today with a very big gap up and immediately we moved up and then we consolidated throughout the day inside 39700-39900. If we open tomorrow between 39750-39850, we can see good trade facilitation in either side. Once the price sustains below 39700, we can add some quantity with initial SL of 39800 and then trail...