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Important Levels for 28-09-2021 38100-38320 STICTLY NO TRADE ZONE. If we open flat to small gap up and then cross and sustain above 38320, long positions can be taken with SL of 38260 for targets of 38400,38450 and 38550. 38200-38250 can act as crucial level tomorrow considering it is the VPOC and with the price clinging there throughout the day, we can see action...

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Important Levels for 22-09-2021. A complete V-shaped recovery of close to 800 points from day's low completely brushing off the negative global sentiments effect on our market and again justifying that our markets have a mind of their own. 37140-37200 will be a strong support area and any dips there can be bought for targets of 37350,37500 and 37620. SL can be...

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Important Levels for 21-09-2021. The index played well as per our levels posted yesterday and we did see a good correction today, and with price closing at almost day's low we expect to see more downward movement tomorrow. In case we open with a big gap up, 37800-38000 will act as a strong resistance and -ve price action should be sold with 50 point SL for targets...

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Important Levels for 20-09-2021. Last session we did see some profit booking but we saw good buying at crucial support zone of 37450-37500 and almost a 400 point bounce from there. Any dips to 37740-34780 can be bought with a SL of 37700 for targets of 37900,38050 and 38150. In case we open flat and start trading up, we can take positions above 38050 for targets...

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Important Levels for 17-09-2021 It looked as if it was all preplanned for BN to hit its ATH and it just did that and that too on an expiry day. Once the day is over it looks as if it was such a wonderful trending day but these are the sort of days I personally am not comfortable with. We have almost rallied 1000 points since yesterday but the leading bank HDFC...

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Important Levels for 16-09-2021 A day which again signifies the fact that when you are unsure just wait with patience. All negativity created was just brushed off in a quick second half move. Tomorrow bein expiry we can expect a bit of volatility and random moves in both directions and caution is advised. If we open flat to a small gap down, we wait for any dips...

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Important Levels for 15-09-2021 Apart from the first hour and for 30 mins post 12:45 pm, there was hardly any move in the index and it completely remained in range throughout the day with the Value area being just 125 points. Option addition today is also completely flat and overall there are more calls written than puts which means scope on the up side is...

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Important Levels for 14-09-2021 There was no range extension in either side after the first hour and we witnessed a sort of a rangebound day. 36620-36670 which was the previous support zone now has developed into a classic "support becomes resistance" example and now shall act as the resistance zone. 36570 being the POC will continue attracting the price towards...

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Important Levels for 13-09-2021 The index spent most of its time inside our No Trade Zone and every time it went near Wednesday's open it saw some kind of buying happening. On the upper side the scope looks limited with resistances at every 50-100 points and unless it crosses and sustains above 37050-37070 any longs should be considered risky. On the downside we...

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Important Levels for 09-09-2021. A good close to a day which slowly but steadily developed into a sort of buy on dips. Closing at day's high just makes thinking about tomorrow a lot exciting. 36740-36620 has to be treated as a STRICTLY NO TRADE ZONE and fresh entries on either side should be avoided. Option data has seen calls almost vanishing from everywhere...

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Important Levels for 08-09-2021 The index is currently indecisive to which direction it wants to go. Initially we saw a good selling pressure in the first hour and then the buyers took control and again the sellers dominated from yesterday's POC. One should now wait and watch which direction the index moves and then jump on to the ship. Option data has more put...

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Important Levels for 07-09-2021 The index is on the verge of going down and going down fast and with a closing close to day's low we can expect a good trending day tomorrow. If we open flat and start trading below 36660 levels we can take fresh short positions with SL of 36740 and aim for targets of 36540-36580,36450 and 36310. If we open gap up, we need to wait...

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Important Levels for 06-09-2021 We witnessed heavy profit booking from 37200 levels and after that we were not able to close above 36920 levels at any point of time, so clearly 36920-37070 will be a strong resistance and fresh entries should be avoided. Any longs we take above 37070, a strict SL of 36980 should be maintained for targets of 37190-37220, 37250....

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Important Levels for 03-09-2021 For a flat to slightly gap down open, any dips till 36920 can be bought with SL of 35860 for targets of 37070. Any gap up open and we shall wait for the price to sustain above 37100 (37000 spot) levels for fresh long entries and target 37200 levels on the future chart. With a round figure lurking nearby and a top day end, will wait...

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Important Levels for 02-09-2021. One of the best days wrt volumes despite the new margin rules being applied. Most likely we did make a top of 37000 today and with no further attempts made through out the day, 37000 should be safe this expiry. For tomorrow, I would like to sell any negative price action at 36750-36800 levels with a SL of 36850 and aim for targets...

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Important Levels for 31-08-2021. We had a beautiful trending day and the cheery on the top was a closing almost at the top. Once we open flat and cross 36450 we can see a very nice up move till 36800 levels, we can place our SL somewhere below 35370. Also any dips till 35250-35270 can be bought for initial targets of 35450. No shorts unless we open with a massive...

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Important Levels for 30-08-2021. Any dips till 35540-35600 can be bought with SL of 35460 for targets of 35700-35720,35900 and 36050. If we open flat and start trading higher we can take longs above 35720-35740 for targets of 35900-35920 and 36050-36100. Price sustaining above 35100 and we can see the resistance zone between 36160-36300 being tested. If we see a...

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Important Levels for 25-08-2021. We witnessed a lovely trending day today with a close almost at 61.8% retracement level after a small rejection from the VPOC of 18th August (35818). Coming to tomorrow, we shall expect the momentum to continue and any dips till 35600-35630 levels should be bought with SL of 35530 for targets of 35800,35850 and 35920. 35800-35820...