deepss4u

deepss4u Updated 

Important Level for 24-08-2021 The index looks to be stuck inside a range between 34850-35300. We shall be having trading opportunity on either side of the range. Once the price sustains and stays above 35350, we can take longs with SL of 35280 for targets of 35500,35650. Price below 34850, will test 34650. Option chain shows maximum call and put writing at 35000.

deepss4u Updated 

Important Levels for 23-08-2021. A perfect setup for a shorting position would be if we open flat or slightly higher at around 35100-35150 levels. If we sustain below it for the first 5 minutes we can short with a SL of 35180 for targets of 35000,34920 and 34860. If we open gap down, we wait to see if we break 34900-34920 and then short below 34860 with SL of...

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Important Levels for 20-08-2021. Global markets are completely negative, it looks we shall have a good gap down opening but we shall be prepared for all scenarios and be prepared to whatever happens tomorrow at the open. If we open flat, once we start trading below 35500, we can take shorts with SL of 35580 and aim for targets of 35350,35280 and 35200. If we open...

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Important Levels for 18-08-2021. We opened low and did trade low the entire day and it looked as if the sellers were being exhausted at lower levels as was the case a couple of days ago where the buyers were exhausted at higher levels and couldn't take the prices up, hence resulting in a sideways market. Taking longs if we see a dip till 35850-35880 looks risky...

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Important Levels for 17-08-2021. The first 15 min candle was the entire range for the day and no significant move throughout the day. It tried to break the day's low but always found buyers at lower levels but still the sellers look strong. But he thing to consider is that it wasn't able to break any previous lows. Once we see a 15 min candle close below 36100, we...

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Important Levels for 16-08-2021. Once the price sustains above 36275, we can take longs for targets of 36360-36400 and 36480-36520. SL can be placed at 36200. Also if we move lower or open lower, we can take longs at 36020-36070 or 36130-36160 levels and aim for 36275 and 36360-36400 as potential targets, SL should not be more than 80 points in either case. Will...

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Important Levels for 13-08-2021 Initial V-Shaped recovery and then the index settled inside a small range and in the last minutes gave a good strong close well supported by volumes. The continuous efforts by the buyers coming in at 35750-35850 levels indicates we still have some upside movement left. Any dips to 36000 can be bought with a SL of 35920 and targets...

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Important Levels for 12-08-2021. The index saw a good selling pressure in the first half and tried recovering in the second half, with yesterday's low (35000-35050) currently acting as a resistance. The important point to look forward tomorrow is 35840, once we break 35840 and sustain below it we can look for targets of 35720,35600 and 35480. The SL should be...

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Important Levels for 11-08-2021. We had an interesting session today with the index showing signs of a breakout with good volumes but after the initial hour the volumes and momentum both fizzled out and we traded inside a tight range between 36250-36360. The resistance zone from yesterday acted as good support today until we witnessed some good amount of profit...

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Important Levels for 10-08-2021 We are still trading inside the range of 4th August candle, 35750-35850 is acting as a strong support and has been tested in each trading session but buyers still showing strength at these levels. Also we made a high almost same as on 4th. Once we break 36280-36300 we can take fresh long positions for targets of 36450 and 36620. SL...

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Important Levels for 09-08-2021 Can see a fall if 16200 is broken and price sustains below it, the targets can be 16150, 16130 and 16100. SL can be placed at 16235. We can also take short positions if we see any negative price action at 16280-16300 levels for targets of 16250 and 16230, SL for this has to be kept as per our entry. Longs can be taken only above...

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Important Levels for 09-08-2021. Can be another day which tests our patience. Confident trades can be longs above 36250, with a SL of 36180 for targets of 36450 and 36620. SL has to be trailed wisely and for shorts we can short below 35750, with a SL of 35830 for targets of 35700, 35620 and 35480. Option data suggests 36000 to be a strong resistance and 35500 to...

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Important Levels for 06-08-2021 A gap up open and 16335-16350 can be used to enter into short position for targets of 16290-16300, SL can be a max of 15 points, a risky trade but a risk worth taking. ONLY IF WE OPEN GAP UP. Longs if we open down or flat and slowly cross 15295-15300 with good volumes for targets of 16335, 16350 and 16380. SL will be at 16275.

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Important Levels for 06-08-2021 A consolidation day after two good trending days, an inside bar and a potentially HNS pattern. Will prefer to play the waiting day tomorrow as things looking a bit dicey as of now. Longs can be taken above 36250 with SL of 36170 for targets of 36450 and 36620 and the TSL should be used aggressively. Similarly, shorts only below...

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Important Levels for 04-08-2021 What a strong breakout, not only we broke 16000 but made a high of 16160. Any dip will be bought and we can see target of 16250 soon. Looks farfetched but volumes and open interest both do suggest more upside is likely to happen. Strict NO to shorts. Levels marked can be used as reference to buy and place SL as per our entry.

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Important Levels for 04-08-2021 We have had a breakout and we just need a good follow through to continue our upward movement. Longs above 35350 can give us targets of 35450,35560 and 35700. SL can be kept at 35270. With call writers missing from action today, open interest is highly bullish which means we should not short unless we get some good -ve price...

deepss4u Updated 

Important Levels for 03-08-2021 The price did not find acceptance inside Friday's range and it did well to finish where it started. With the price still stuck inside the range, will wait for tomorrow to see which direction we can see a move coming. 34950-34980 will act as a resistance zone and we can look to take longs only after 35050 is breached with volumes for...

deepss4u

Important levels for 03-08-2021 15870 level acted as a good support and with a good amount of put addition today we might get to 16000 tomorrow. Longs above 15920 with SL of 15895 for targets of 15960 and 16000. Comfortable to short below 15800 with a SL of 15830 for targets of 15760 and 15735.