Price moved in a very narrow range today and did not give good trade setups for option buyers.
47500 - 47600 is the trend direction deciding zone.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 47640.
Stop Loss : 47560.
Targets : 47700, 47780, 47880, 47940 and 48040.
Sell below : 46480.
Stop Loss : 46540.
Targets : 46420 ,46340, 46260 and 46140.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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