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
Current feebleness of prices may persist towards the bollinger lower band level of 42350 followed by fibonacci retracement level of 42080. On the flipside, intraday price recovery could see only above 43150 region.
Weakness may stretch lower towards 39100 then to 14-Day SMA level of 38490 region. But scale above 40260 may invite fresh recovery for today’s session.
Prices still have room for selling bias towards the downside objective of 1520 followed by 1460. In this bearish note, unexpected rise above the hourly moving average level of 1635 could lift prices higher 1695 or even more.
Prices possibly to float with in the trading range of 124-130. A firm move which breaks any of the mentioned price range could set off a directional move.
Prices clearly held the fibonacci retracement level of 383 region in today’s session, which if remain untouched could extend weakness towards 370.50 then to 366.20 region.
Successful trades above 874 could boost prices higher to bollinger middle band level of 888 and 910 there after. Although, botched attempt to mark trades above 874 would be an early sign for a downside corrective move for today’s session.
A major price recovery could see only above the internal trend line hurdle of 146 region. Else hold the same for a corrective move towards the downside objective of 141.70 followed by bollinger lower band level of 135.70 region.
Prices possibly to edge lower in the coming session towards the downside objective of 130.80 then to 129.20 region. But convincing trades above the hurdle of 134.80 could lift prices higher to hourly EMA level of 137.70.
If prices remain below the SMA hurdle of 135 region could expect further weakness towards the price objective of 131.90 then to 130.70. Even though, sturdy trades above 135 could lift prices higher.
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 are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer