Important Levels for 18-08-2022.
The index is getting tougher and tougher for intraday directional players and tomorrow being the weekly expiry we can hope that changes.
17930-17960 can be the support reference area, below 17930, we can see 17910,17885 and 17860. We should look for small targets on the downside and trail aggressively as we are seeing buyers coming in at all dips. SL can be placed at 17960.
Once we trade above 17990, there is a chance we can see 18070 levels. But would like to play very light tomorrow as the trend is very strong to the upside and with 18000 looming nearby coupled with the expiry, moves can be vicious.
The index is getting tougher and tougher for intraday directional players and tomorrow being the weekly expiry we can hope that changes.
17930-17960 can be the support reference area, below 17930, we can see 17910,17885 and 17860. We should look for small targets on the downside and trail aggressively as we are seeing buyers coming in at all dips. SL can be placed at 17960.
Once we trade above 17990, there is a chance we can see 18070 levels. But would like to play very light tomorrow as the trend is very strong to the upside and with 18000 looming nearby coupled with the expiry, moves can be vicious.