It's a clear bull show again where tiniest amount dips were utilized as buying opportunity. We managed to break 5230 and traded quite convincingly above that. And finally closed just @ 5240. No downside level is broken, so no impending as of now, and still a buy on dips situation.
Supports: As shown on the chart 5230-20 is an important zone for support. Below that, as discussed on yesterday, 5205-5175 possible.
Resistances: As we are above 5230, positionally targets are 5295-5340/45. But from intra day perspective 5250 is important, above that 5285/95 is easily possible with higher targets of 5330-5340/45(main) in hand too.
friend, due to change in timings , i suggest, if possible to update the blog by 10:00 pm
ReplyDeletethanks,
kotwani