27-May
Context: Sideways to Range Bound.
Range is 8940-9170.
Yesterday force selling from 9065 made single Print HVN. 10-min closing abv. that can trigger long for 9105-9120. If we sustain below 9065, then target are 8990-- 8940.
Either way it would be good for writing Calls on 9100-9150 area. As abv. 9100 there are multiple resistances.
We have some LAC related Event over-hang. which can generate bad news flow in short term. that is why ok with Short side trade only.
Context: Sideways to Range Bound.
Range is 8940-9170.
Yesterday force selling from 9065 made single Print HVN. 10-min closing abv. that can trigger long for 9105-9120. If we sustain below 9065, then target are 8990-- 8940.
Either way it would be good for writing Calls on 9100-9150 area. As abv. 9100 there are multiple resistances.
We have some LAC related Event over-hang. which can generate bad news flow in short term. that is why ok with Short side trade only.