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
Rise above the hurdle of 43100 could trigger fresh buying for today’s session. If not, could expect a long liquidation move towards 42500/42240.
Present long liquidation move may strengthen in the coming session towards 47600 then to 47050. But determined move above the hourly SMA level of 48520 could lift prices higher.
Intraday price recovery on card and possibly to test the upside region of 3760 followed by 3835. But a vertical fall below 3635 with large market participation may push prices lower.
Witnessing weakness could continue towards 128.50 firstly then to Bollinger lower band level of 125.70. On the other hand intraday price recovery could see only above the moving average level of 134.45.
Reclaiming trades below the Bollinger lower band level of 424 may squeeze down prices lower. Botched attempt to do so would be an early sign for further price recovery for today’s session towards 433.
As long as prices hold the Bollinger lower band level of 921 region could anticipate price recovery towards the SMA level of 944 region. Intraday weakness may be seen only below 921.
Broad selling may continue towards the downside objective of 153.60 then to 152. In this weak bias, decisive trades above the candle high of 156.80 could lift prices higher.
Inability to crack above the 144 may grab prices lower 142.20 then to 141.40 region. But direct rise above 144 could call intraday price recovery.
Prices clearly held the trend line support region of 135 region. Which if remain undisturbed could expect price recovery for today’s session.
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