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
Present north trajectory move likely to upheld in the coming session towards 47080 then to 47320. But slippage past 46580 may push prices lower.
Prices possibly to float with in the range of 44700-43150. A firm move which breaks either side of the aforementioned region could set off fresh directional move.
Established weakness possibly to extend in the coming session towards the bollinger lower band level of 1450 then to 1420 region. On the flipside rise above 1620
Simmering weakness may extend lower towards 120.40 firstly then to bollinger lower band level of 115.40 region. Although a price recovery above the hourly SMA level of 126 may bid fresh buying for today’s session.
As long as prices hold the support level of 394 could expect price recovery further to Fibonacci retracement level of 398 followed by EMA level of 405.30. Slip below 394 may dent our buying expectation.
Present buying may extend towards the EMA objective of 915, but may continue only by above the same with solid volume and such move may test 924 or even more to 931. Failure to sustain above 915 may grab prices lower.
Intraday weakness may be seen only below 150 region. Else, current price recovery may persist towards upside objective of 153 followed by the EMA level of 155.40 region.
Decisive trades above the bollinger middle band level of 136.30 could push prices higher. If not, hold the hindrance of 136.30 for a price slippage to 134.50 or even lower.
By breaking the SMA level of 134.20 could squeeze down prices lower. Botched attempt to challenge below the same may lift prices to trend line resistance of 135.10 followed by the EMA level of 136 region.
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