Important Levels for 20/10/2022.
We opened above PDH and sustained above it for a good amount of time but buyers failed to carry forward and sellers eventually gained control.
For tomorrow we will take short positions once we trade below today's low @ 17457. The immediate reference on the downside is the old buyer zone at 17285-17315. So close to 200 point move can be expected with 17420 and 17367 as levels which can be pull back zones.
Longs will be avoided tomorrow as do not expect much movement for this expiry.
We opened above PDH and sustained above it for a good amount of time but buyers failed to carry forward and sellers eventually gained control.
For tomorrow we will take short positions once we trade below today's low @ 17457. The immediate reference on the downside is the old buyer zone at 17285-17315. So close to 200 point move can be expected with 17420 and 17367 as levels which can be pull back zones.
Longs will be avoided tomorrow as do not expect much movement for this expiry.
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