Important levels for 03/11/2022.
Another low volume day with sellers probing the price down but limit buyers absorbing all the selling. But at CMP we cannot be sure who is in control at this moment.
For tomorrow once we open flat and break 18110, we can short with a 25-30 point SL for targets of 18053 followed by the buyer reference at 17965-17979.
Longs can be avoided unless we break 18238 on the upper side. But if we see a gap down at the open, we can look for scalps.Will update if we see any good set up on the buying side.
Another low volume day with sellers probing the price down but limit buyers absorbing all the selling. But at CMP we cannot be sure who is in control at this moment.
For tomorrow once we open flat and break 18110, we can short with a 25-30 point SL for targets of 18053 followed by the buyer reference at 17965-17979.
Longs can be avoided unless we break 18238 on the upper side. But if we see a gap down at the open, we can look for scalps.Will update if we see any good set up on the buying side.