Important Levels for 06-08-2021
A consolidation day after two good trending days, an inside bar and a potentially HNS pattern.
Will prefer to play the waiting day tomorrow as things looking a bit dicey as of now.
Longs can be taken above 36250 with SL of 36170 for targets of 36450 and 36620 and the TSL should be used aggressively.
Similarly, shorts only below 35700 for targets of 35620 and 35500, SL can be placed at 35770.
A consolidation day after two good trending days, an inside bar and a potentially HNS pattern.
Will prefer to play the waiting day tomorrow as things looking a bit dicey as of now.
Longs can be taken above 36250 with SL of 36170 for targets of 36450 and 36620 and the TSL should be used aggressively.
Similarly, shorts only below 35700 for targets of 35620 and 35500, SL can be placed at 35770.