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As long as prices hold the downside support of 46150 could expect further buying towards the upside objective of 46600 then to 46890. But slippage below 46150 could bid a major downside corrective move.
Prices yet to make tangible trades either side of the trading range of 42600- 41500, to initiate a fresh directional move for today’s session.
Broad selling still intact and prices possibly to trade lower with a prices objective of 1055 then to 920. But emerging trades above 1210 could boost prices higher.
Current feebleness of prices may persist towards the downside objective of 137.80 then to 135. But decisive trades above 144 may boost prices higher.
As long as prices hold the EMA level of 403.80 could lift prices higher to internal trend line level of 410 region followed by 413.80. But fall past below 403.80 may grab prices lower.
Intraday recovery may establish only by promising trades above 960.Else hold the hurdle for weakness towards the downside objective of 941 then to 930.
As long as prices remain above the SMA level of 150.70 may lift prices higher to 152.50 then to 154. Fall past below 150.70 may dent our buying expectation.
As long as prices hold the moving average hindrance of 134.50 could squeeze down prices lower to 131.60 then to Bollinger lower band level of 130.80 region. Intraday price recovery may be seen only above 134.50.
Weakness could extend lower towards the downside objective of 132 then to candle support of 131.20. A major prices recovery could see only above the SMA level of 134.
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