deepss4u

deepss4u

Important levels for 04/10/2022. We closed almost at day's low but with today's POC at the closing price, it is a difficult thing to know whether to look for shorts or longs. The higher time frame picture is bearish, but with buyer references nearby shorting at current levels would not give us a great RR. The important levels to look is the untested buyer...

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Important levels for 04/10/2022. The buyers tried real hard to defend but eventually gave up, and it is still not evident that the sellers are in control. Overall a dicey close today. For tomorrow, i will be confident to short only if any rejection is seen inside 38318-38509 (the area where maximum sellers were present). if we open flat and break today's low @...

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Important levels for 03/10/2022. For Nifty, there has been hardly any change in the composite VA for the week and with prices currently above it and below last session's VA, not taking any trades is the best trade. Once we break and sustain above PDH @ 17209, we can take longs for targets of 17319 followed by the old seller reference of 17448-17473. Similarly on...

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Important levels for 03/10/2022. Last session we saw a good intraday move on the upside and we closed after facing resistance at the old seller reference. Looking at the charts from a weekly point of view we are still not above the composite profile. For tomorrow, if we open flat all we need to do is wait unless we get a clear picture of who i in control as we see...

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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...

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Important levels for 30/09/2022. We wished for a gap up for better trades and we got good results. The bears took control in the morning but post 12pm they could not do much and we did not see much action. For tomorrow, we will be taking fresh shorts only below 37600. Our initial targets should be 36305 and if we still sustain below it, we can set final targets...

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Important Levels for 29/09/2022. The buyers tried hard to defend 38000 levels but the sellers were relentless and we did witness some heavy selling in the second half. For tomorrow, we need to see where we open because a flat opening does not give us a good RR on the short side. 37600 being a old buyer reference we need 37600 to be broken and price sustain below...

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Important Levels for 29/09/2022. The buyers tried hard but once we reached the VA of the last session the sellers got in and did close well. For tomorrow, 16870-16882 can be an important zone. If we see a flat opening and price falls immediately the short positions should have an SL of 16885 and targets shall be the old buyer reference of 16751-16765. But a better...

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Important levels for 23/09/2022. The level at which we have closed today is inside the day's VA and if we look at how the day panned out, we can see the price went up in he morning tested previous day VA and then fell and found support at the old buyer reference area and then the expiry dance and a close where none of the buyers or sellers look in...

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Important levels for 23/09/2022. A close right in the middle of the day's range with the control in the hands of the sellers. Tomorrow once we break and sustain below 40624, we can look for shorts as there is a high probability of the price testing today's low @ 40414. The next targets can be 40310 followed by the old buyer reference area of 40020-40100. SL can be...

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Important levels for 22/09/2022. The index is currently inside the buyer reference zone of 40948-41057 and the seller reference zone of 41469-41563. So unless we break either side we can mainly look for scalping opportunities as per intraday data. Longs above the mentioned seller reference still looks a bit dicey and we can look to take longs with less quantity...

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Important levels for 19/09/2022. The sellers were in control throughout the day but looks some level of buying has happened and the VA is at the lows at the old buyer reference also. So unless we are break 17492, we can avoid shorts and once we break 17492 we can look for targets of 17357-17382. But if we break above 17620 we can take longs with initial targets of...

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Important levels for 19/09/2022. The last hour we saw some buying volume coming in but sellers are still in firm control as of now. For Monday's session, we shall look to short the index below 40800 for initial target of PDL @ 40570 followed by 40310 and finally the buyer reference zone of 40020-40100. SL can be of 80-100 points. For longs, we do not see good RR...

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Important levels for 16/09/2022. We hit a new ATH today and witnessed good profit booking. After the initial fall, there was a good fight between buyers and sellers and one could say the sellers have an advantage because of the early selling. For tomorrow we can look to short once we break and sustain below 41200 for targets of previous buyer reference @...

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Important levels for 16/09/2022. At the end of the day we just witnessed an inside day and unless we break either the high or low of the previous session (Wednesday) we should avoid taking positions. For tomorrow, longs only above the seller reference zone of 18080-18118 for targets of 18196 and 18224 and shorts only below 17800 for targets of 17694 and previous...

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Important levels for 15/09/2022. Nifty looks weak as compared to BN. Will look to short around 18084-18118, where the sellers came in today also and defended it. The target will be 18941, 18897 and final targets being 18840. Longs to be preferred only above today's high for targets of 18196,18220 and 18234.

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Important levels for 15/09/2022. As stated yesterday, the first 15 mins are crucial and what a rally we witnessed. For tomorrow, once we sustain below 41330, we can look to short for initial targets of 41100 and finally the buyer reference zone of 40794-40904. SL will be of 80-100 points and trailed accordingly. For longs, we can wait as we have ATH around 120...

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Important Levels for 04/08/2022. 2 beautiful trades for today, we captured the fall and then the longs, overall a wonderful day. 17500 and 17250 will be levels to watch out tomorrow, any break on either side can give good momentum. Tomorrow, if we see a flat open, I personally wont recommend shorts immediately as there was a strong buying volume in 17335-17360...