Important Levels for 23/11/2022.
We are for some reason having very less volumes for sometime now and everyday in the last our some volumes are coming in and taking prices up. We closed inside the seller reference zone 42489-42543 and unless we break this zone, longs cannot be taken. Similarly for shorts unless we break 42392 and close below it in a 15 min time frame, shorts should be avoided.
Longs taken above 42543 can give SL of 42480 and look for targets of the higher seller reference of 42636-42660. Price sustaining above it can take prices upto 42900. All we need to do is then trail our SL.
If we open higher near the seller reference mentioned, we can take shorts with SL at 40-50 points and look for targets of 42516 followed by 42440 and 42392.
We are for some reason having very less volumes for sometime now and everyday in the last our some volumes are coming in and taking prices up. We closed inside the seller reference zone 42489-42543 and unless we break this zone, longs cannot be taken. Similarly for shorts unless we break 42392 and close below it in a 15 min time frame, shorts should be avoided.
Longs taken above 42543 can give SL of 42480 and look for targets of the higher seller reference of 42636-42660. Price sustaining above it can take prices upto 42900. All we need to do is then trail our SL.
If we open higher near the seller reference mentioned, we can take shorts with SL at 40-50 points and look for targets of 42516 followed by 42440 and 42392.