Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
Prices clearly held the Bollinger lower band level of 37420 and if this hindrance remain unbroken could lift prices higher to 37890 followed by 38070.
March past above the price hindrance of 44650 could boost prices higher. In this positive note, botched attempt to sustain above the same may push prices lower to 43700 or even further.
Ensuing buying sentiment likely to uphold in the coming session towards the Bollinger upper band level of 4285 then to 4305. But dip below 4170 may dent our buying expectation.
Intraday weakness could establish only below 159. Botched attempt to crack below the aforementioned region could boost prices higher to 163.40 /165.
Reclaiming trades above 445 could lift prices higher. If not, may squeeze down prices lower to 441 initially followed by 437.70.
Successful trades above the Bollinger middle band level of 1034 could lift prices higher. Conversely, failed to crack above the same could call a long liquidation move .
Solid trades above the SMA level of 183.90 could push prices higher. Inability to challenge below the same could push prices lower to 182.30 and 181.50 there after.
Major recovery may establish only above the EMA level of 154.40. Which if remain undisturbed could expect weakness for today.
Intraday weakness could see only below the Bollinger middle band level of 132. Else could expect further buying towards 134.80 followed by 136.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants area for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer