Important levels for 02/11/2022.
We opened higher sustained above it saw the old seller reference holding and it was followed by a retest of today's low and again strength was seen from the buyers to end the day inside the old seller reference.
Now if we consider the second half of today's session the maximum volumes are concentrated at the tops. So, if we open flat and move above the seller reference zone 18201-18235, longs can be taken with SL of 18200 for targets of 18295 followed by the old seller reference zone of 18327-18357.
If in case we trade lower, will give shorts a miss in nifty and rather look for shorts in BN as it looks far more weaker than nifty.
Only i we open with a gap down and trade below today's low @ 18112 will take shorts for targets of 18060 and the old buyer reference of 17965-17980.
We opened higher sustained above it saw the old seller reference holding and it was followed by a retest of today's low and again strength was seen from the buyers to end the day inside the old seller reference.
Now if we consider the second half of today's session the maximum volumes are concentrated at the tops. So, if we open flat and move above the seller reference zone 18201-18235, longs can be taken with SL of 18200 for targets of 18295 followed by the old seller reference zone of 18327-18357.
If in case we trade lower, will give shorts a miss in nifty and rather look for shorts in BN as it looks far more weaker than nifty.
Only i we open with a gap down and trade below today's low @ 18112 will take shorts for targets of 18060 and the old buyer reference of 17965-17980.
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