Customary buying sentiments may continue in the coming session towards 56500 ten to 56800. But there is equal plausible chance of a corrective downside fall if prices closed below 55570.
Prices possibly to persist the broad buying momentum towards the upside objective of 76500 followed by 78000. In this bullish sentiments, drop below 73300 may call fresh selling for today’s session.
Prices still in wide consolidation range on a broader perspective. However, if 3205 region remain untouched could expect a downside corrective move towards 3035 then to 2975. But rise above 3205 may push prices further higher.
Rise above 167.80 could lift prices higher. Inability to crack above the same may pave for fresh long liquidation towards the downside objective of 160.40 then to 157.50.
Intraday move largely to be northbound unless prices slipped below downside obstacle of 508.20 region. Break below 508.20 may validate intraday selling pressure to 505.
As long as prices hold the hourly EMA level of 1086 could expect broad buying to retain towards 1108 then to 1116. On the other hand direct fall below 1086 may grab prices lower.
Established buying momentum may scale higher in the coming session towards the Bollinger upper band level of 192 then to 192.90 region. However, dip below 188.80 may bid a long liquidation move.
MACD positive cross over and pattern suggest further price gain in the coming session towards the upside objective of 155.50 then to 156.30. On the flipside, slip below 152.80 may push prices lower.
Claim above the Bollinger upper band level of 148 could boost prices higher to 149.40 then to 150 region. Inability to crack above the hurdle of 148 may push prices lower 145.80 then to 145 region.
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