Important Levels for 21-10-2021.
Yesterday we had a bearish engulfing candle and today we traded mostly below it but the down move was not one way and we did see huge volumes which was a cause of concern to initiate trades comfortably.
18345-18385 will be a resistance zone and any -ve price action can prompt us to initiate shorts with a small SL of 13395 for targets of 18300,18280 and 18250.
Else, we can take positions below 18250 for targets of 18210,18170 and 18150. SL has to be around 18280.
Will be avoiding longs for tomorrow.
Option chain indicates bearishness.
Chart Patterns

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