Important Levels for 20-10-2021.
The best case scenario for tomorrow looks to take shorts if we see a gap up opening at around 18500 levels. SL can be 18530 and targets to aim should be 18440,18400 and 18370. We should not short at any level below 18480-18460 because of the big and fast buying happening every time the price has gone down. So, if the price does not break and sustain below today's low of 18400 we should look to buy the dips if at all we see big volumes coming in. The SL should be of 15-20 points as this being a counter trade the move will be fast and if we are wrong we don't lose much. The targets to look shall be 18500,18550 and 18580.
18580 can also be a good entry for shorts with SL of 18600 for targets of 18540 and 18500.
Option data doesn't indicate any massive moves unless 18600 or 18300 is breached.
The best case scenario for tomorrow looks to take shorts if we see a gap up opening at around 18500 levels. SL can be 18530 and targets to aim should be 18440,18400 and 18370. We should not short at any level below 18480-18460 because of the big and fast buying happening every time the price has gone down. So, if the price does not break and sustain below today's low of 18400 we should look to buy the dips if at all we see big volumes coming in. The SL should be of 15-20 points as this being a counter trade the move will be fast and if we are wrong we don't lose much. The targets to look shall be 18500,18550 and 18580.
18580 can also be a good entry for shorts with SL of 18600 for targets of 18540 and 18500.
Option data doesn't indicate any massive moves unless 18600 or 18300 is breached.
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