Important Levels for 04/08/2022.
2 beautiful trades for today, we captured the fall and then the longs, overall a wonderful day.
17500 and 17250 will be levels to watch out tomorrow, any break on either side can give good momentum.
Tomorrow, if we see a flat open, I personally wont recommend shorts immediately as there was a strong buying volume in 17335-17360 zone and a massive cluster above 17388, so these levels will definitely act as support. So longs can be taken above 17440 for 17500 as targets with SL of 17410.
In case of a gap up, will wait and watch for price reaction at 17500 levels before initiating any trades.
In case of a gap down, will look to buy at marked support areas with 20 point SL for targets of 17440 and 17500.
2 beautiful trades for today, we captured the fall and then the longs, overall a wonderful day.
17500 and 17250 will be levels to watch out tomorrow, any break on either side can give good momentum.
Tomorrow, if we see a flat open, I personally wont recommend shorts immediately as there was a strong buying volume in 17335-17360 zone and a massive cluster above 17388, so these levels will definitely act as support. So longs can be taken above 17440 for 17500 as targets with SL of 17410.
In case of a gap up, will wait and watch for price reaction at 17500 levels before initiating any trades.
In case of a gap down, will look to buy at marked support areas with 20 point SL for targets of 17440 and 17500.