Index missed our first target of 37655 downside by small margin & made recent low of 37681. Later, bounced sharply upside & crossed 38150
The upper edge of the resistance is 38125-38150.
If Index again drops below 38125 - 38150 zone which is supply zone / once again bears will make an attempt
This time it has to drop below 38000 / 37900 -Once it drops below both these levels, Index can retest 37681 opening lows.
We get a double tops at 38150 levels
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19:43 Hrs / 9th Aug 2022
Closed @ 38237
9th Aug 2022 - Trading Plan:
Short term traders as soon as It falls below 38150- 38160 zone, one can look for 38025 / break below 38000 look for 37700. Will review once market starts the action tomorrow. Thank you