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Intraday move possible to scale lower towards the internal trend line objective of 31910 followed by 31790. But solid move above the hourly candle high of 32165 may lift prices higher.
Current feebleness of prices may extend lower towards the 150-Day SMA level of 38360 followed by 37990 region. On the flipside, intraday recovery could see only above 38680 region.
Inability to sustain above the Bollinger upper band level of 4118 region, could anticipate a long liquidation move towards 4030 followed by 4005 region. However, breach above 4118 with solid volume may push prices higher.
As long as prices remain above the downside hindrance of 193.40 region, could expect a revival towards the falling trend line objective of 202.50 followed by 205.40. Intraday weakness could see only below 193.40 region.
Present long liquidation move may stretch lower towards the downside objective of 447.30 and EMA level of 444.20 there after. Even though, determined trades above hourly candle high of 453.80 could push prices higher.
Tangible trades below the internal trend line support of 896 could extend weakness to 884 or even lower 878 region. However, a surprise move above the Bollinger middle band level of 918 region could lift prices higher.
Present technical structure and indicators pointing to further gains which may target the immediate region of 201 followed by trend line hindrance of 203. In this positive note, fall past below 198 could dent our buying expectation.
Intraday move is expected be towards the downside objective of 145.60 followed by 144.50. But in this bearish note, decisive trades above 148.60 could call fresh recovery move.
Consecutive days of buying momentum may persist in the coming session towards internal trend line objective of 132.70 followed by 135.50. However fall past below 130.40 may grab prices lower.
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