Important Levels for 07-09-2021
The index is on the verge of going down and going down fast and with a closing close to day's low we can expect a good trending day tomorrow.
If we open flat and start trading below 36660 levels we can take fresh short positions with SL of 36740 and aim for targets of 36540-36580,36450 and 36310.
If we open gap up, we need to wait for -ve price action at 36810-36850 levels and short for targets of 36720 & 36660. SL can be 40-50 points max.
Will strictly avoid taking longs at higher levels.
Option data also suggests good call addition at 36500 levels which indicates some kind of bearishness.
The index is on the verge of going down and going down fast and with a closing close to day's low we can expect a good trending day tomorrow.
If we open flat and start trading below 36660 levels we can take fresh short positions with SL of 36740 and aim for targets of 36540-36580,36450 and 36310.
If we open gap up, we need to wait for -ve price action at 36810-36850 levels and short for targets of 36720 & 36660. SL can be 40-50 points max.
Will strictly avoid taking longs at higher levels.
Option data also suggests good call addition at 36500 levels which indicates some kind of bearishness.
Trade closed: target reached
36670-36310 ALL TARGETS DONE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.