Gap Up Opening above 22400:
A sustained move above 22400 suggests a long trade opportunity targeting 22500 – 22537 with a stop loss at 22370. Conversely, if prices retreat from 22400, support can be expected near 22327 – 22274 leading to a sideways movement.
Flat Opening:
In case of a flat opening, consider initiating a long trade around 22327 – 22300 with a stop loss below 22270. Target levels are 22396 - 22400 and 22500 upon sustained trading above 22420.
Consider a short trade if prices drop below 22260 and face resistance at 22300, with a stop loss at 22330 and target at 22180.
Gap Down Opening below 22300:
Initiate a long trade with a stop loss at 22250 and targets at 22274 – 22330. If prices drop below 22179, consider another buying opportunity near 22100 with a stop loss at 22070 and targets at 22180 – 22200 – 22274 – 22300.
In the prevailing bullish trend, prioritize long side trades or breakout opportunities. Selling on rallies is not recommended unless prices sustain below 22050.