Important levels for 28/11/2022.
We witnessed comparatively higher volumes last session but post 11:30pm we were stuck inside a small range.
For tomorrow, if we open flat and sustain below PDL at 42864, we can short with SL of 60-70 points and look for targets of 42770 followed by the buyer reference zone 42625-42672. But if we see a gap up opening around 43188-43241 and see sellers coming in, we can also short as the RR would be very good.
For longs, if we open flat and move above 43080, we can take positions with SL of 50 points for targets of 43188-43241.
We witnessed comparatively higher volumes last session but post 11:30pm we were stuck inside a small range.
For tomorrow, if we open flat and sustain below PDL at 42864, we can short with SL of 60-70 points and look for targets of 42770 followed by the buyer reference zone 42625-42672. But if we see a gap up opening around 43188-43241 and see sellers coming in, we can also short as the RR would be very good.
For longs, if we open flat and move above 43080, we can take positions with SL of 50 points for targets of 43188-43241.