Rise above 46940 could boost prices higher. Botched attempt to sustain above the same could push prices to hourly EMA level of 46570 followed by 46290.
Decisive trades above 49500 could boost prices higher to the trend line resistance of 50200 followed by 50800. But fall below 48300 may squeeze down prices lower.
Rise above the 2530 may boost prices higher. Failure to mark such trades may push prices lower to 2370 followed by erstwhile tend line resistance of 2290.
Reclaiming trades above 146 could lift push prices higher. Else hold the same for a corrective move towards 140 then to EMA level of 136.90.
Weakness may persist towards the downside objective of 409 then to 407.20 region. But sturdy trades above 414.50 may lift prices higher.
A firm move above 941 could lift prices higher. If not could expect a corrective move towards the downside trend line objective of 920 then to 912.
Weakness may stretch lower in the coming session towards the downside objective of 154 firstly then to 153.20. On the other hand, price recovery could see only above 156.90.
Fall below 130.50 may squeeze down prices lower to 129.70 followed 128.80. Inability to sustained below the 130.50 may lift prices to 132.80.
Prices still hesitate to make substantial trades above the Bollinger middle band level of 132 region. If prices broke above the mentioned region could push prices higher to 132.80 followed by 133.40. Else hold the hurdle of 132 for a price slippage to 130.30/129.60.
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