Gap Up Opening (Above 22570):
If the market opens with a gap up above 22570, there's a potential for an upward movement towards 22640 - 22667 after finding support around 22550.
However, sustained trading above 22680 could propel prices towards 22740 – 22768, with 22640 acting as a crucial support level.
Gap Down Opening (Below 22500):
In the event of a gap down opening below 22500, initial buying opportunities may arise around 22468 – 22442, with a stop loss at 22400.
Further downside could be witnessed if prices breach 22365, potentially leading to levels around 22272 – 22233.
Flat Opening:
A flat opening might lead to price rejection around 22550-22570, followed by a potential retracement towards 22468 – 22442.
Buying opportunities could emerge in this retracement zone, with a stop loss at 22420. Failing to hold above 22420 might trigger a deeper decline towards 22365.
Overall Strategy:
For bullish scenarios, look for opportunities above 22570 with targets at 22640 - 22667 and beyond.
For bearish scenarios, monitor levels below 22640 with targets at 22500 and potentially 22468 – 22442.
Disclaimer: Trading in financial markets involves risk. The provided analysis does not guarantee profits and traders should exercise caution, conduct their own research, and consider risk management strategies before making any trading decisions.
If the market opens with a gap up above 22570, there's a potential for an upward movement towards 22640 - 22667 after finding support around 22550.
However, sustained trading above 22680 could propel prices towards 22740 – 22768, with 22640 acting as a crucial support level.
Gap Down Opening (Below 22500):
In the event of a gap down opening below 22500, initial buying opportunities may arise around 22468 – 22442, with a stop loss at 22400.
Further downside could be witnessed if prices breach 22365, potentially leading to levels around 22272 – 22233.
Flat Opening:
A flat opening might lead to price rejection around 22550-22570, followed by a potential retracement towards 22468 – 22442.
Buying opportunities could emerge in this retracement zone, with a stop loss at 22420. Failing to hold above 22420 might trigger a deeper decline towards 22365.
Overall Strategy:
For bullish scenarios, look for opportunities above 22570 with targets at 22640 - 22667 and beyond.
For bearish scenarios, monitor levels below 22640 with targets at 22500 and potentially 22468 – 22442.
Disclaimer: Trading in financial markets involves risk. The provided analysis does not guarantee profits and traders should exercise caution, conduct their own research, and consider risk management strategies before making any trading decisions.