Triveni
#Swing

One can go long above orange Line for marked targets🤞

BNF: 23rd Apr prognosis

BNF kicked off the day with a significant leap, marking a 535-point jump in the spot market and a 370-point rise in the futures market compared to the previous day's close. The notable disparity between spot and futures prices would have undoubtedly added an extra layer of complexity for traders today. Interestingly, while the futures market formed a green doji, the spot market displayed a red daily candle, reflecting the divergence in price action.

Despite the initial surge, the upside gains remained limited for those carrying overnight positions, as BNF retraced from its opening high to touch the previous day's close before gradually climbing back up. Although the futures market closed above its open, the spot market trailed slightly below the crucial 48000 level, closing right at the Point of Control (PPOC) from April 15th. Today's rotational movements contributed to the development of a PPOC at 47800 levels.

As we look ahead to tomorrow's session, traders will be closely monitoring movements above 48000 or below 47800. Sustaining above 48000 could pave the way for further upside momentum, with the next significant resistance found in the gap zone between 48270 and 48470. Conversely, sustaining below 47800 may signal potential downside pressure, with initial support levels located at 47600 and 47459. A breach below these levels could lead to a descent towards the singles zone spanning 47185 to 47060.

Against the backdrop of a 3% decline in gold prices, crude oil trading below $82, and a significant surge in the Dow over 450 points and S&P by 60 points, a positive sentiment is expected to influence Indian markets as well. However, maintaining our intraday focus, we will closely observe price action at key levels to guide our trading decisions.

Aarti ind
Intra

Only above orange🤞

Jsfc
#Swing

One can go long above orange for swing opportunity
Targets as shown🤞

Watch for intra as well
Volume incoming🤞

Nelco
Intra

Watch out for marked target🤞

Satin
Intra

Only above orange🤞

Update

Aarti

Target 1 hit

Dlf
Intra

Only above orange🤞
Gap filling is expected

Update

Jsfb

See how volume plays imp role for momentum
Intra players rock🤘

Update

Aarti

Target 2 also done😇

Update

Sat in

Target 1 done😇

Update

Aarti

Here we are done with all targets🙏

You can trail if needed👍
Safe traders can book

Filatex
Intra

Above orange only🤞

#Centenka
Downside liquidity almost taken
Looks good here for 470+ intra
Sl below 438

13.75 +
High

Kalyan jewellers

Risk takers
Intra

For marked target
Sl 2rs below entry🤞