Main Takeaway: Upmove expected today, but traders should be careful of selling at higher levels. China's Manufacturing PMI takes every one by surprise, only aiding Asian markets which opened in the green.
Trade Setup 31 March 2022 -
Upmove expected today, but traders should be careful of selling at higher levels. China's Manufacturing PMI takes every one by surprise, only aiding Asian markets which opened in the green. 17500 remains a strong hurdle for but benign crude can help scale the resistance.
Important details found
- Upmove expected today, but traders should be careful of selling at higher levels.
- China's Manufacturing PMI takes every one by surprise, only aiding Asian markets which opened in the green.
- 17500 remains a strong hurdle for but benign crude can help scale the resistance.
- Gap area in at 16500-16370 will now be seen as immediate support for the index.
- Leveraged longs should be kept minimal while global developments play out.
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