Dip below the Bollinger middle band level of 46870 would expect a downside corrective move. Inability mark such trades may push prices higher .
Solid trades above the upside obstacle of 70950 could cajole fresh buying in the coming session. If prices failed to challenge above the same may eventually push prices lower.v
Fall below the obstacle of 4770 may be a sign of weakness. Botched to crack below the same may lift prices further higher.
Prices likely to consolidate in the trading range of 223-214. A firm move which breaks either side of range may set off fresh directional move.
A major long liquidation move may develop only by decisive trades below the downside hurdle of 760 region. Inability to mark such trades may retain broad buying momentum.
Intraday weakness may be seen only by tangible trades below 1310 region. If the above mentioned region remained untouched could boost prices higher
As long as prices hold the downside hurdle of 229.80 could retain broad buying momentum. However, slippage below the same may squeeze down prices lower.
Prices need to challenge above the upside hurdle of 175.60 for to continue ongoing buying momentum. Else hold the same for downside corrective move.
Present buying sentiments possibly to prolong in the coming session further higher. Although a direct fall below 196.70 may squeeze down prices lower.
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