Gap Up Opening:
In the event of a gap-up opening above 48400, watch for sustained trading above 48380 as a signal for potential buying opportunities. Targets for such trades could be 48700 to 48796, with a possible continuation towards 48980 to 49075 upon surpassing 48830. However, failure to sustain above 48400 might lead to a decline towards 47985 to 47926.
Flat Opening:
During a flat opening between 48552 and 48382, it's advisable to refrain from trading. A buying opportunity may arise upon sustained trading above 48552, targeting 48796 to 48800 and potentially 48980 with a stop loss at 48500. Conversely, a sustained decline below 48380 might prompt a short trade towards 47985 to 47937, with a stop loss at 48450.
Gap Down Opening:
In the event of a gap down below 48100, consider waiting for price stability near 47985 to 48000 before initiating a buy trade with a stop loss at 47920 and targets at 48300 to 48382. If prices fail to find support at 47900, another buying opportunity could arise in the range of 47771 to 47709, with a stop loss at 47680 and targets at 48200 to 48397.
Disclaimer: Trading in financial markets involves risk. The above levels and plan are based on technical analysis and historical data, and may not guarantee future results. Traders are advised to exercise caution and implement risk management strategies.