market likely to open flatish.
the index had taken a fall from 200 MA on 5 min time frame.
also the both call and put volume OI is highest @ 19400, with price closing around 19300, indicates that market correction is not yet over.
As per fib extension, the support levels could be 19184 and 19082.
days likely range is 19069-19511
my idea to trade would be sell below 19300 with sl @ 19330 for targets 19270/200/194/100
On call side buy above 19360 with sl @ 19330 for targets of 19499/420/450
this is my premarket journal and not an invite to trade
the index had taken a fall from 200 MA on 5 min time frame.
also the both call and put volume OI is highest @ 19400, with price closing around 19300, indicates that market correction is not yet over.
As per fib extension, the support levels could be 19184 and 19082.
days likely range is 19069-19511
my idea to trade would be sell below 19300 with sl @ 19330 for targets 19270/200/194/100
On call side buy above 19360 with sl @ 19330 for targets of 19499/420/450
this is my premarket journal and not an invite to trade