6300 is Bearish - So I think 6300 will not be crossed today
6200 is Bullish - 6200 will be protected today.
As per the Charts,
In the 60 min chart, the RESISTANCE is at 6280, So above 6280 is a SELL
In the 30/45 chart, the RESISTANCE is at 6295, So above 6295 is a SELL.
So All in All, Today I think we can see 6200. So SELL around 6280-6300.
I use the 30 min and 5 min chart. In the 30 min chart SELL was generated above 6288 but now trading below 6288. In the 5 min chart SELL was generated 6300. So above 6300 should be considered a BO for 50 points.
Yes VIX is down. But as per the Rangebound technique it is in a OVER Bought state. So it is SELL for some correction. May be we should expect 6200-6230 for a bounce back
Dear Raj
and all other followers
Today I had visited first time your threads and saw the work of yours.
Please accept my thanks from heart for all you are doing for new comers like me and the pain you are taking for explanations.
You rightly mentioned cell name in your sheet "Max Pain" as you are bearing the same.
You are a one of the gems of this forum.
As i have gone through your sheet, I reconized that your sheet will help me a lot in taking decisions regarding trades.
Thanks again and keep it up.
:thumb::thumb::thumb:
6300 is Bearish - So I think 6300 will not be crossed today
6200 is Bullish - 6200 will be protected today.
As per the Charts,
In the 60 min chart, the RESISTANCE is at 6280, So above 6280 is a SELL
In the 30/45 chart, the RESISTANCE is at 6295, So above 6295 is a SELL.
So All in All, Today I think we can see 6200. So SELL around 6280-6300.
I use the 30 min and 5 min chart. In the 30 min chart SELL was generated above 6288 but now trading below 6288. In the 5 min chart SELL was generated 6300. So above 6300 should be considered a BO for 50 points.