For the bullish trend to resume the bench mark index will have to conquer the immediate resistance which is at 5674 above which only fresh longs will be created.
The tipping point for today is at 5631 below which the market will be weak. The immediate supports are however at 5617 and then at 5606.
Our outlook for today is a little bit of short covering. However, the bottom seems to be well in place for now.
The tipping point for today is at 5631 below which the market will be weak. The immediate supports are however at 5617 and then at 5606.
Our outlook for today is a little bit of short covering. However, the bottom seems to be well in place for now.
No comments:
Post a Comment