Important levels for 15/11/2022.
An inside day with very low volumes and we did not break any support or resistance levels. The view for tomorrow still remains the same, we can be comfortable shorting the index once we open flat and trade below 42053 levels. The targets to look forward shall be the buying reference zone 41657-41732 followed by the older references of 41400-41487.
At CMP, we can look for longs only above 41432 with a 50-60 point SL and look for RR of more than 1:2.
If we see a big gap at the open, will look for scalps as per the data coming in and will update here as the day goes on.
An inside day with very low volumes and we did not break any support or resistance levels. The view for tomorrow still remains the same, we can be comfortable shorting the index once we open flat and trade below 42053 levels. The targets to look forward shall be the buying reference zone 41657-41732 followed by the older references of 41400-41487.
At CMP, we can look for longs only above 41432 with a 50-60 point SL and look for RR of more than 1:2.
If we see a big gap at the open, will look for scalps as per the data coming in and will update here as the day goes on.
Comment:
Shift in VA to the upside, longs can be taken at 41340 with SL of 41290, for targets of 41435 and above.
Trade active:
Longs triggered
Trade closed: stop reached
Trade closed: target reached:
Re entry and T1 achieved