Important levels for 12/09/2022.
We broke out from a range to get stuck in another range. As of now sellers look to be in control and i will prefer to short the index unless we break 17978 and sustain above it.
Any gap up or gap down, we wait for VA to develop before taking any positions, but if we see a flat open we can short the index with 50% of our normal position size with initial SL at 17905 for initial target of PDL @ 17805 and if we sustain below it we can start pyramiding with final targets of 17739-17763 which is the old buyer zone.
Keeping position sizing in control is going to be important now as the index is still indecisive.
We broke out from a range to get stuck in another range. As of now sellers look to be in control and i will prefer to short the index unless we break 17978 and sustain above it.
Any gap up or gap down, we wait for VA to develop before taking any positions, but if we see a flat open we can short the index with 50% of our normal position size with initial SL at 17905 for initial target of PDL @ 17805 and if we sustain below it we can start pyramiding with final targets of 17739-17763 which is the old buyer zone.
Keeping position sizing in control is going to be important now as the index is still indecisive.