NIFTY
Updated
Important levels for 30/09/2022.
A good sell off followed by a silent absorption by buyers. The VA of today's session is at lower levels and we got a closing inside VA close to VAH. This puts us in a tight spot as the overall trend is bearish but with this sort of absorption at lows one can think of just seeing where this index decides to move.
For tomorrow, if we see a flat open, we can wait for shorts until the old buyer reference of 16750-16765 is broken and then look for targets of 16668,16589 and 16537 which is the older buyer reference. But if we see a slight gap up, we wait for first 5 minutes and any rejection at seller reference of 17000, we can short here for targets of 16855, 16800 and 16761.
For the up side, if we open flat and trade above 16900, we can play longs for targets of 16972,17000 and 17067.
A good sell off followed by a silent absorption by buyers. The VA of today's session is at lower levels and we got a closing inside VA close to VAH. This puts us in a tight spot as the overall trend is bearish but with this sort of absorption at lows one can think of just seeing where this index decides to move.
For tomorrow, if we see a flat open, we can wait for shorts until the old buyer reference of 16750-16765 is broken and then look for targets of 16668,16589 and 16537 which is the older buyer reference. But if we see a slight gap up, we wait for first 5 minutes and any rejection at seller reference of 17000, we can short here for targets of 16855, 16800 and 16761.
For the up side, if we open flat and trade above 16900, we can play longs for targets of 16972,17000 and 17067.
Trade active
Longs taken @ 16810SL @ 16780
T1: 16897
Trade active
With 1:1 done, TSL at cost, safe traders can book as there is some news expected
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