Fall below the Bollinger middle band level of 47780 may bid long liquidation move for today’s session. Inability to make such move may lift prices further higher to 48370/48500.
Intraday buying sentiments likely to uphold in the coming session towards the upside objective of 49900 firstly then to 50500. On the flipside, dip below 49100 may cajole fresh selling for intraday.
If prices hold the support level of 2980 region could expect price recovery to 3130 then to Bollinger upper band level of 3198 region. But dip below 2980 may push prices lower to 2930 then to 2855.
Present recovery move likely to withstand in the coming session towards the upside objective of 140.70 then to 143.50. But a slip below 135 may squeeze down prices lower.
Ensuing buying sentiments likely to uphold in the coming session towards the upside objective of 468 then to 469.90. On the flipside. Fall below 463.70 may push prices lower.
Prices have been approaching towards the Bollinger upper band level of 996 region. Which if breaks could see further prices recovery to 1007 then to 1019. But botched attempt to crack above 996
Determined trades above the intermediate trend line resistance of 164.20 could lift prices higher. Else hold the same for a corrective downside move to Bollinger middle band level of 162.50 then to 160.
Prices possibly to float higher in the coming session towards the immediate price objective of 144.90 then to 145.70 region. But fall below the Bollinger middle band level of 143.40 may dent our buying expectation.
As long as prices hold the support of 136 region could expect prices recovery to 137.90 then to 138.50 region. In this positive note, fall below 136 may cajole fresh selling for intraday.
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