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Present buying sentiment likely to be upheld towards the internal trend line resistance of 31230 region followed by 31380. Meanwhile, intraday weakness could see only below 30980 region and such move initially find support at EMA level of 30935 region.
Substantial trades below the internal trend line support of 37100 would be an early signal for a selling pressure towards 36800 or even lower to 36550. Inability to challenge below 37100 may lift prices 37660 followed by 38050
Current selling momentum may prolong further only below the trend line support of 3650 region. Else, call for short covering move towards 3795 followed by Bollinger signal line resistance of 3880 region.
As long as prices manage to stay above the Bollinger signal line support of 309 could anticipate further buying pressure towards the prices objective of 324 followed by 328.20. On the other hand, intraday weakness could trigger only below 309 region.
Weakness may continue in the upcoming session towards the downside objective of 429.70 followed by 427.50. On the flipside intraday buying could establish only by solid trades above the 50-Hour EMA level of 435.75 region.
Intraday move largely to be south bound towards the trend line support of 768 region followed by 755. However in this bearish sentiment, solid trades above 795 may water down our bearish expectation.
Prices look exhausted after recent consecutive days of buying momentum and such deteriorating buying momentum may push prices lower towards the EMA level of 186.60 followed by 185.90 region. Meanwhile a recovery could see only above 188.60.
Convincing trades above the slopping trend line resistance of 141.80 could call a major consolidation break out towards the objective of 142.60 followed by 143.90. Else, hold the hindrance of 141.80 for a corrective move towards Bollinger signal line support of 139.10
Counter still in a consolidation state after recent gap up opening on Monday. In this perplexing situation, as long as prices remained below the trend line resistance of 141 region could expect a slippage towards the support of 137.30 region. A prices recovery could see only above 141.
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