Today's chart reading

Hi,

I am sharing my views on markets and stock calls on this blog.

I have dedicated this blog only to share my knowledge on Indian Equity Markets.

Today's reading is that overall trend looks positive. This view is based on charts till yesterday. Acc to me (V th) sub-wave is pending, but a little respite can be seen to the up-move  Daily plus weekly charts show a candlestick pattern which indicates a top- capping structure.

Resistances for markets for say 1 week (i.e. 5 days) - 5927 / 5934
Today's Support - 5840 / 5816

Targets - If above supports are broken which I strongly feel, then they can reach 5781 / 5665.



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Thank you.


P.S. - I give these views on my chart-reading skills without any updates based onnews or fundamentals......