As indicated yesterday, the market did surprise with an upmove in the wake of settlement of the current series which is today. The tipping point for today is at 5894 and the immediate supports are at 5897, 5888 and 5870.
Our outlook for today is that the market can be safely said to be in a consolidating mode as long as it stands above 5870. The undertone is bullish with immediate resistances at 5914, 5930 5952. Weakness may be utilized to go long for short term trades.
Our outlook for today is that the market can be safely said to be in a consolidating mode as long as it stands above 5870. The undertone is bullish with immediate resistances at 5914, 5930 5952. Weakness may be utilized to go long for short term trades.
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