Important Levels for 28-12-2021.
We did witness a nice trending day today and a close almost at day's high.
Tomorrow if we see a flat opening and prices sustaining above 17120, we can take longs in a small quantity with SL at 17100 and then add on quantity once we trade above 17150 and aim for targets of 17190,17220 and 17260. To be on the safe side, a less risky trade will be to take longs above 17150.
But if we see a gap up, we shall wait for price action and then plan our trades. The perfect trade is such a situation can be to take longs if we see price taking support at 17100-17120 levels with a 25 point SL.
If we see a gap down open, 17040-17050 can act as a good support zone and any +ve price action seen here with support of volumes can be a trigger for longs with a 15-20 point SL and targets of 17100,17120 and 17150.
As per OI data, 17000-17200 looks to be the range as of now and we can expect good moves once this range is broken. But still we will stick to our levels and trade accordingly.
We did witness a nice trending day today and a close almost at day's high.
Tomorrow if we see a flat opening and prices sustaining above 17120, we can take longs in a small quantity with SL at 17100 and then add on quantity once we trade above 17150 and aim for targets of 17190,17220 and 17260. To be on the safe side, a less risky trade will be to take longs above 17150.
But if we see a gap up, we shall wait for price action and then plan our trades. The perfect trade is such a situation can be to take longs if we see price taking support at 17100-17120 levels with a 25 point SL.
If we see a gap down open, 17040-17050 can act as a good support zone and any +ve price action seen here with support of volumes can be a trigger for longs with a 15-20 point SL and targets of 17100,17120 and 17150.
As per OI data, 17000-17200 looks to be the range as of now and we can expect good moves once this range is broken. But still we will stick to our levels and trade accordingly.