Important Levels for 16/08/2022.
Clearly the index where i will be placing my bets on the long side.
Once we break PDH @ 17753 and sustain above it for complete 5 mins, we can take longs with SL of 17730 for targets of 17795,17805 and 17830.
Shorting is out of question if we open flat or with a gap down.
If we see a big gap up (as can be seen now as per SGX), will wait for sustenance above 17830 and then take longs for targets of 17865.17900 and 17930.
Clearly the index where i will be placing my bets on the long side.
Once we break PDH @ 17753 and sustain above it for complete 5 mins, we can take longs with SL of 17730 for targets of 17795,17805 and 17830.
Shorting is out of question if we open flat or with a gap down.
If we see a big gap up (as can be seen now as per SGX), will wait for sustenance above 17830 and then take longs for targets of 17865.17900 and 17930.