Good Morning Everyone,
Yesterday Index was volatile and most of movement has been eaten though Gap up after that Index has been traded in a wide range but still we have managed to make good money in Intraday if you guys listen me and manage to short from top (18100) . Now question is Index will be trade in a range and can give a clear movement .
Technical View
=====================
Index might be trade in a range today to manage the difference of call put rates before the Expiry. Range upside level is 18000 and downside level is 17400..
Resistance : Index Intraday Resistance is 18000 and key resistance is 18200 then 19200.
Support : Intraday support is 18400 and Key support is on 16600
Trade setup
============
Long Position can Build Index manage to close above 18200 with 17900 Sl.
Short Position is much safer and can be Open lower then 18400 with 18500 SL . Risk and Reward is good in sell side but you guys need wait to break 18400 and sustain lower then it.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Yesterday Index was volatile and most of movement has been eaten though Gap up after that Index has been traded in a wide range but still we have managed to make good money in Intraday if you guys listen me and manage to short from top (18100) . Now question is Index will be trade in a range and can give a clear movement .
Technical View
=====================
Index might be trade in a range today to manage the difference of call put rates before the Expiry. Range upside level is 18000 and downside level is 17400..
Resistance : Index Intraday Resistance is 18000 and key resistance is 18200 then 19200.
Support : Intraday support is 18400 and Key support is on 16600
Trade setup
============
Long Position can Build Index manage to close above 18200 with 17900 Sl.
Short Position is much safer and can be Open lower then 18400 with 18500 SL . Risk and Reward is good in sell side but you guys need wait to break 18400 and sustain lower then it.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Note
Did a silly Mistake . Please short lower then 18400 with 18500 slNote
My phone messed . Please consider 17400 for short
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Website: vpcapitalresearch.com
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Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/Virupandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.