Important Levels for 11/08/2022.
A completely range bound day. 17465-17585 is the zones which need to be broken for some good moves.
Longs can be taken above 17585 for targets of 17620,17640 and 17660. SL has to be kept around 17550.
Shorts can be taken below 17520, with SL of 17550 for targets of 17470,17440 and 17380.
Today we witnessed good buying at 17470-17480 levels but it was buyers defending their positions rather than fresh and aggressive buying, Sellers can gain control if we slide and sustain below 17467 and eventually will can see 17316 reference levels.
Can be a volatile expiry tomorrow.
A completely range bound day. 17465-17585 is the zones which need to be broken for some good moves.
Longs can be taken above 17585 for targets of 17620,17640 and 17660. SL has to be kept around 17550.
Shorts can be taken below 17520, with SL of 17550 for targets of 17470,17440 and 17380.
Today we witnessed good buying at 17470-17480 levels but it was buyers defending their positions rather than fresh and aggressive buying, Sellers can gain control if we slide and sustain below 17467 and eventually will can see 17316 reference levels.
Can be a volatile expiry tomorrow.