Important Levels for 04/11/2022.
We opened with a big gap down, the buyers in the old buyer reference got into action and took the prices up into the seller reference and from here there was hardly any big momentum seen.
For tomorrow, if we see flat open and price trades below 41340, we can short for targets of the buyer reference zone 41133-41189. Price sustaining below 41133 can test today's low @ 41000.
But if we open flat or with a small gap and trade above 41600, we can take longs with SL at 41500 for targets of the old seller reference zone 41750-41850 and if we sustain above it there is a high probability of another 200 points on the upside.
In case of any big gap, we can wait before taking any positions.
We opened with a big gap down, the buyers in the old buyer reference got into action and took the prices up into the seller reference and from here there was hardly any big momentum seen.
For tomorrow, if we see flat open and price trades below 41340, we can short for targets of the buyer reference zone 41133-41189. Price sustaining below 41133 can test today's low @ 41000.
But if we open flat or with a small gap and trade above 41600, we can take longs with SL at 41500 for targets of the old seller reference zone 41750-41850 and if we sustain above it there is a high probability of another 200 points on the upside.
In case of any big gap, we can wait before taking any positions.