Important levels for 11/11/2022.
The initial part of the day was well in control of the sellers but limit buyers kept the prices close to Friday's low and then after the buyers came in control and we almost managed to close at VAH today,
For tomorrow, if we see a flat open, we can take longs anywhere between 41700-41750 for targets of the previous seller reference zone 41898-41961 followed by 42037-42098 levels. In case we witness a small gap down and do not break today's low @ 41470 and sustain above it, there is a high probability of price testing 41750 and above levels. This would be an wonderful trade as per RR. SL here shall be strictly 41560.
For shorts our best shot will be only if we open with a gap up near the seller reference zone for targets of 41700-41750.
The initial part of the day was well in control of the sellers but limit buyers kept the prices close to Friday's low and then after the buyers came in control and we almost managed to close at VAH today,
For tomorrow, if we see a flat open, we can take longs anywhere between 41700-41750 for targets of the previous seller reference zone 41898-41961 followed by 42037-42098 levels. In case we witness a small gap down and do not break today's low @ 41470 and sustain above it, there is a high probability of price testing 41750 and above levels. This would be an wonderful trade as per RR. SL here shall be strictly 41560.
For shorts our best shot will be only if we open with a gap up near the seller reference zone for targets of 41700-41750.