As discussed yesterday, got an opening above our consolidated channel and got a clear trade till 24800.
Today's trading day was filled with heavy volatility. Saw a movement of 400+ points on both sides.
Clear no trade zones can be identified on the 5 min chart - (24800-24700) on the upside and (24350-24250) on the downside.
Scenario's for tomorrow -
Gap Up Opening - Key level to watch would be 24800 as a rally till 25100 is possible.
Flat or Gap Down Opening - Clear defined range of 24700-24350. Heavy premium decay will be done in this region.
Global Cues - Dow is again retesting it's support channel of 28100-28000 for the third time in 3 days.
Will personally be trading with a lower quantity or avoid tomorrow if a proper setup is not found.
Happy Trading!
Shubh Navratri!
Today's trading day was filled with heavy volatility. Saw a movement of 400+ points on both sides.
Clear no trade zones can be identified on the 5 min chart - (24800-24700) on the upside and (24350-24250) on the downside.
Scenario's for tomorrow -
Gap Up Opening - Key level to watch would be 24800 as a rally till 25100 is possible.
Flat or Gap Down Opening - Clear defined range of 24700-24350. Heavy premium decay will be done in this region.
Global Cues - Dow is again retesting it's support channel of 28100-28000 for the third time in 3 days.
Will personally be trading with a lower quantity or avoid tomorrow if a proper setup is not found.
Happy Trading!
Shubh Navratri!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.