Important levels for 31/10/2022.
With the data we are seeing currently we can see a big gap up at the start. But with the story being similar in the last 3 sessions where we are opening with a gap up but intraday sellers are taking control with prices trading lower.
Today if we see an open near the seller reference zone 41566-41633, there can be an upward move till the old seller reference at 41750-41850 (ATH) and then a sell off can be seen.
Longs shall strictly be avoided unless we hold above 41850.
Shorts can be taken after we see how the volumes come in at the seller reference areas. Once we are not able to break it and sellers come in the targets to look forward shall be 41250 and 41059.
With the data we are seeing currently we can see a big gap up at the start. But with the story being similar in the last 3 sessions where we are opening with a gap up but intraday sellers are taking control with prices trading lower.
Today if we see an open near the seller reference zone 41566-41633, there can be an upward move till the old seller reference at 41750-41850 (ATH) and then a sell off can be seen.
Longs shall strictly be avoided unless we hold above 41850.
Shorts can be taken after we see how the volumes come in at the seller reference areas. Once we are not able to break it and sellers come in the targets to look forward shall be 41250 and 41059.