Broad buying still intact and possibly to strengthen in the coming session towards 46350 then to Bollinger upper band level of 46670. On the flipside, direct fall below 45810 may push prices lower.
Prices still in the congestion region of 44100-42900.A firm move which breaks either side of the aforementioned region could set the direction.
Direct rise above the hindrance of 2040 could lift prices further higher. Else hold the same for a downside corrective move.
Broad selling may persist towards the downside objective of 119.50 then to 116.80 region. But in this bearish note, recovery trades above 126 may lift prices higher.
If prices stay below the SMA level of 404 region could push prices lower towards the downside objective of 398.20 then to 395 region. But a direct rise above 404 could lift prices higher.
Determined trades below 919 may push prices lower to 914 firstly then to 905. However, reclaiming trades above 932 could boost prices higher.
Fall past below the trend line support of 150.60 could trigger further corrective move towards the downside objective of 149.40 then to 148.50. Else hold the hindrance of 150.60 for a prices recovery to 154 region.
Current feebleness of prices likely to extend towards the downside objective of 128 then to 126.40 region. But rise above the hindrance of 130.50 could boost prices higher.
Broad selling likely to retain in the coming session towards the immediate objective of 129.30 followed by 128.50 region. But retreating trades above 130.50 could push 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