Important Levels for 02-08-2021
Trading scenario for longs are not at all looking convincing.
We can short once price sustains below 34480 with a SL of 34550 and aim for targets of 34360, 34280 and 34150.
View is also being strengthened by the 61.8% fibo rejection at 34770 levels and open interest also has a negative bias.
Avoid longs unless we find support at 34050-34100 zone.
Trading scenario for longs are not at all looking convincing.
We can short once price sustains below 34480 with a SL of 34550 and aim for targets of 34360, 34280 and 34150.
View is also being strengthened by the 61.8% fibo rejection at 34770 levels and open interest also has a negative bias.
Avoid longs unless we find support at 34050-34100 zone.