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Current buying sentiments less likely to continue until the upside hindrance of 46300 region gives way. Failure to withstand above the same may grab prices lower to 45730 then to 45400.
Slippage below the immediate hindrance of 42450 may push prices lower. Else hold the same for further buying to 43500 or even more.
Established selling momentum possibly to persist towards the downside objective of 1440 then to 1370. But emerging trade above the immediate hurdle of 1660 could lift prices higher.
Witnessing recovery move is expected to be upside with an immediate objective of 149 or even more to 153.But dip below 143 may dent our buying expectation.
Present long liquidation move likely to continue towards the Fibonacci retracement level of 383 then to 380.60. A direct rise above 389 could boost prices higher.
As long as prices trade below the Bollinger upper band level of 939.50 could squeeze down prices lower to 924 followed by EMA level of 917 region. On the flipside. Intraday recovery may be see only above 939.50.
By breaking the Bollinger middle band level of 147.10 could extend weakness to 145.40 or even more. Inability to crack below 147.10 could call a short covering move towards the upside objective of 150.60.
Intraday move is expected to be downside with an immediate objective of 132.60 then to 131.40. But determined trades above the immediate hurdle of 134.70 could lift prices higher.
Current feebleness of prices may extend in the coming session towards the downside objective of 130.30 then to sloping trend line support of 128.60 region. Intraday recovery could see only above 131.80 region.
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