Important levels for 13/10/2022.
We are not seeing any definitive trend in the index with the prices not being able to break out of the bigger range.
For tomorrow, if we see a flat opening, i am expecting a pullback till 17050 levels. If that happens we can take longs with a 15-20 point SL and aim for 17133 as our initial target and sustaining above it we can see the seller reference zone of 17195-17239.
For short side trades at CMP i am not seeing any nice setup with good RR, so would most likely give it a miss unless we see a major gap at the open.
Expecting some scalps tomorrow and not expecting a wildly trending expiry.
We are not seeing any definitive trend in the index with the prices not being able to break out of the bigger range.
For tomorrow, if we see a flat opening, i am expecting a pullback till 17050 levels. If that happens we can take longs with a 15-20 point SL and aim for 17133 as our initial target and sustaining above it we can see the seller reference zone of 17195-17239.
For short side trades at CMP i am not seeing any nice setup with good RR, so would most likely give it a miss unless we see a major gap at the open.
Expecting some scalps tomorrow and not expecting a wildly trending expiry.
Trade closed: stop reached:
Longs taken hit the SL