Important levels for 01/11/2022.
We saw a complete different PA as compared to BN. We opened higher and did not test the open after the first 5 minutes, this shows the strength of our primary index. Yesterday we had our analysis done and we wanted to gauge the strength of the buyers and the buyers did succeed today.
For tomorrow, I would still prefer to wait before jumping in for longs unless we sustain above the old seller reference zone 18084-18118. The targets on the upside shall be 18196 followed by another seller reference at 18220-18234.
Will be taking shorts in case of a gap up near the seller reference areas or if we witness a slight gap down open and then we break today's buyer reference at 18065-18080. The targets to look forward will be 17996-18012 followed by 17926.
We saw a complete different PA as compared to BN. We opened higher and did not test the open after the first 5 minutes, this shows the strength of our primary index. Yesterday we had our analysis done and we wanted to gauge the strength of the buyers and the buyers did succeed today.
For tomorrow, I would still prefer to wait before jumping in for longs unless we sustain above the old seller reference zone 18084-18118. The targets on the upside shall be 18196 followed by another seller reference at 18220-18234.
Will be taking shorts in case of a gap up near the seller reference areas or if we witness a slight gap down open and then we break today's buyer reference at 18065-18080. The targets to look forward will be 17996-18012 followed by 17926.