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BANK NIFTYImportant levels for 16/09/2022. We hit a new ATH today and witnessed good profit booking. After the initial fall, there was a good fight between buyers and sellers and one could say the sellers have an advantage because of the early selling. For tomorrow we can look to short once we break and sustain below 41200 for targets of previous buyer reference @ 40794-40904. Longs can be avoided in case of a flat or gap up opening but in case we open with a gap down, we can look to add longs with reduced quantities at the earlier mentioned buyer reference areas. The targets to look forward will be 41200 and 41300.
NSE:BANKNIFTY1!Short
by deepss4u
NIFTYImportant levels for 16/09/2022. At the end of the day we just witnessed an inside day and unless we break either the high or low of the previous session (Wednesday) we should avoid taking positions. For tomorrow, longs only above the seller reference zone of 18080-18118 for targets of 18196 and 18224 and shorts only below 17800 for targets of 17694 and previous buyer reference of 17640-17663. Also if we see a gap up opening again tomorrow, we can short if we face rejection again @ 18080-18114 seller reference area for targets of 17881-17925.
NSE:NIFTY1!
by deepss4u
NIFTYImportant Levels for 04/08/2022. 2 beautiful trades for today, we captured the fall and then the longs, overall a wonderful day. 17500 and 17250 will be levels to watch out tomorrow, any break on either side can give good momentum. Tomorrow, if we see a flat open, I personally wont recommend shorts immediately as there was a strong buying volume in 17335-17360 zone and a massive cluster above 17388, so these levels will definitely act as support. So longs can be taken above 17440 for 17500 as targets with SL of 17410. In case of a gap up, will wait and watch for price reaction at 17500 levels before initiating any trades. In case of a gap down, will look to buy at marked support areas with 20 point SL for targets of 17440 and 17500.
NSE:NIFTY1!Long
by deepss4u
SPX500 likely to FALL!Hey tradomaniacs, recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded. So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off. However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility! What do you think?
OANDA:SPX500USDShort
by Trading2ez