On the downside 17710 remains a critical mid-range support - Tradebulls Securities
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Despite the profit booking at higher levels Index managed to close above its psychological support of 18000.On the downside 17710 remains a critical mid-range support below which the bullish mode wouldbeconsidered void. Hence stops for trading momentum longs should be placed below17680. Both its trend strength indicators still remain diverging with RSI trending well above its 50 level while ADXhas beendeclining below 20. Hence aggressive positions could be avoided until the follow-on move confirms a closing above the recent 18080 resistance level. Aggressive positions could be avoided until a confirmationmoveisnot established on its absolute price scale. Until then remain nimble footed with your trading positions
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