deepss4u

deepss4u

Important levels for 25/11/2022. We witnessed a range break out in the index but majority of the move came in the last hour only. Also today it was another low volume day. For tomorrow, if we open flat and move above today's high @ 43163, we can take longs and keep a SL of 50-60 points and look for targets of 43506. All we need to do will be trail the SL. For...

deepss4u

Important levels for 24/11/2022. A close that would definitely please the bears but the point to notice here is that we have not broken any old buyer reference levels. For tomorrow, the best trade will be if we see a small gap up, then we can short for targets of the buyer reference of 18234-18246. But if we open flat the trade shall be avoided. If we open flat,...

deepss4u

Important Levels for 24/11/2022. A small gap up to open with, and first 15 minutes of good buying and then we were stuck inside a 30 point range throughout before the volatility kicked in. The data from OF suggests we can say late buyers are trapped in the zone marked 42795-42861. For tomorrow, if at all we see an opening between 42795-42861 and we see sellers...

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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...

deepss4u Updated 

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....

deepss4u

Important Levels for 22/11/2022. The index is stuck inside a small range and absence of big volumes is making it difficult to take intraday positions. The buyers are not showing intent at higher levels and sellers not ready to sell at lower levels. For tomorrow if we open flat and move above 42385. we can take longs with a 50-60 point SL and look for targets of...

deepss4u Updated 

Important levels for 18/11/2022. Another inside day coupled with low volumes. If we look at the chart staring from last friday till today, it can be clearly seen that today's last two candles have huge volumes but if we do not consider the liquidity created in the last two candles it was a very low volume day. The high made was 18473 where we saw a large lot order...

deepss4u

Important levels for 18/11/2022. It seems big players are on a holiday mode as we witness another inside day with low volumes. We tested the upper seller reference zone and saw a sell off but we closed well above the buyer reference zone. So it can be assumed that the buyers are not interested to buy at higher levels but are doing a good job defending old buyer...

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Important levels for 17/11/2022. Another inside day with slightly better volumes as compared to last two sessions. The buying reference zone from last session from where the fast up move was seen got defended and we witnessed good buying from those levels. But we being unable to move past PDH @ 18488, still shows that sellers have not given up [ completely. For...

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Important levels for 17/11/2022. We opened almost flat and stayed thereabout throughout the day, the limit buyers absorbed most of the selling and we closed inside today's VA just at tomorrow's closing price. For tomorrow, if we open flat and move above day's high @ 42666 we can see a good rally of 200+ points, else if we see a minor gap near to the buying...

deepss4u

Important levels for 16/11/2022. We witnessed heavy buying volumes in the last 30 mins and tomorrow if we see any flat opening, any dips till 18430 can be bought and with a SL of 25 points we can trail our long positions for targets of the old seller reference zone 18521-18543 followed by 18592. Shorts can be taken only if we see a big gap up and open near the...

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Important levels for 16/11/2022. We traded exactly like the previous day with the exception being we sustained the Breakout. The daily volumes were not good but the last hour did see good buying volumes. For tomorrow, if we open flat any dip till 42394 can be bought with a 40-50 point SL and we can look for targets of 42600 and 42900. The SL should be trailed as...

deepss4u Updated 

Important levels for 15/11/2022. An inside day with very low volumes and we did not break any support or resistance levels. The view for tomorrow still remains the same, we can be comfortable shorting the index once we open flat and trade below 42053 levels. The targets to look forward shall be the buying reference zone 41657-41732 followed by the older references...

deepss4u Updated 

Important levels for 15/11/2022. A day with very low volumes and in the closing moments we just broke the buying reference zone buy eventually closed inside it. With the weekly VAL at 18360 and a buyer reference area @ 18328-18340, shorting wont be a good option. We can short only if we break 18328 and sustain below it for targets of 18176-18220. If we see a gap...

deepss4u

Important Levels for 14/11/2022. This index is at an important zone and we have managed to close marginally above all VAs but it cannot be said with complete confidence that buyers are pulling the strings. For Monday, if we see a flat open and we have a small dip till 18422, w can take longs with SL placed at 18400 for targets of the seller reference zone...

deepss4u

Important levels for 14/11/2022. The index looks bullish with such a big gap up being sustained and relatively lesser selling volumes. In case of a flat open on Monday, we can wait for PDH @ 42438 to be cleared and then take longs with a 50-60 point SL and look for RR of minimum 1:2 and the keep trailing our positions as we do not have any upper references to look...

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Important Levels for 11/11/2022. Definitely the weaker one of the two indices. At CMP 18097, we are at a crucial point, considering the VP from the start of this contract, we traded entirely below the VA but considering the VP of last week, the VA has just shifted down and once we move and trade above today's high @ 18150, we can see a clean 100 point move on the...

deepss4u

Important levels for 11/11/2022. The initial part of the day was well in control of the sellers but limit buyers kept the prices close to Friday's low and then after the buyers came in control and we almost managed to close at VAH today, For tomorrow, if we see a flat open, we can take longs anywhere between 41700-41750 for targets of the previous seller reference...