Important levels for 22/11/2022.
Barring the first 15 min candle, the index was stuck inside a range of 30 points only. In the last 45 mins we saw some volumes coming in to defend the lows but it is not that extraordinary to make our views clear.
Currently we are placed exactly at the monthly POC and unless we move out of the VA we are expecting sideways movement. The monthly VAH is at 18220 and VAL at 18127. But with the kind of selling we witnessed in the first 15 minutes, I personally would avoid longs unless we trade above 18255. Once we sustain above 18255, we can see price reaching the seller reference zone 18326-18370.
If we open around 18255 levels we can do a quick scalp on the short side for targets of 18190,18160 and 18123. SL to be trailed aggressively. Any open between 18160-18220, we shall wait and not take any positions.
If we open flat and break today's low @ 18155, we can short for targets of the buyer reference zone 17989-18024. But if we open flat and find support at 18155-18170 levels we will not be taking any trade and wait for our levels to come.
Barring the first 15 min candle, the index was stuck inside a range of 30 points only. In the last 45 mins we saw some volumes coming in to defend the lows but it is not that extraordinary to make our views clear.
Currently we are placed exactly at the monthly POC and unless we move out of the VA we are expecting sideways movement. The monthly VAH is at 18220 and VAL at 18127. But with the kind of selling we witnessed in the first 15 minutes, I personally would avoid longs unless we trade above 18255. Once we sustain above 18255, we can see price reaching the seller reference zone 18326-18370.
If we open around 18255 levels we can do a quick scalp on the short side for targets of 18190,18160 and 18123. SL to be trailed aggressively. Any open between 18160-18220, we shall wait and not take any positions.
If we open flat and break today's low @ 18155, we can short for targets of the buyer reference zone 17989-18024. But if we open flat and find support at 18155-18170 levels we will not be taking any trade and wait for our levels to come.
Trade active:
Entered shorts @ 18245, SL 18270