Broad buying still intact and possibly to extend further in the coming session towards the upside objective of 46990 then to 47260.But direct fall below 46330 may squeeze down prices lower.
Ensuing buying sentiments possibly to persist towards the 49100 followed by 49800. But fall past below Bollinger lower band level of 47280 may squeeze down prices lower.
As long as prices hold the Fibonacci retracement level of 2320 region could expect further price recovery to 2490 then to 2540 region. In this positive note, fall past below 2320 may push prices lower.
Prices clearly held the Bollinger middle band level of 139.80 region in previous session. Which if remain undisturbed could extend weakness to 130 then to 127.
Prevailing buying sentiments likely to uphold in the coming session towards the upside objective of 412.60 followed by 415. But fall below 407.20 region may push prices lower.
As long as prices hold the support of 923 region could expect prices to trade higher in the coming session towards 945 then 951 region. But a direct fall below 923 may push prices lower.
Reclaiming trades above the Bollinger upper band level of 158.20 could lift pries higher. Else hold the same for a corrective move towards the downside objective of 156/154.80.
Rise above the Bollinger middle band level of 132.20 could push prices higher to 133 then to 134.80 region. Failed to sustain above 132.20 may squeeze down prices lower.
Prices likely to float with in the trading range of 131-129.40. A firm move which breaks either side of the mentioned region could set the directional move.
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