5840 has been acting as gud support for the markets. Today's markets closed above the 5 & 10 day Moving averages. My first resis 5918 in prev post was not broken today.
5927/ 5934 are stiff resis areas to be broken and given closing above it convincingly along with good volumes. I am sure that markets in a few trading sessions would give good move either ways (say 250-300 points)
It is interesting to note that weekly charts would be a gud trend teller than daily charts for positional calls.
So watch for them...
Resis - 5924 / 5945
Supp - 5885 / 5845
You guys may wonder why i m quiet on few days. The reason being either I do not get time to track or majorly my resis & supp take care of for 2-3 trading sessions.
Thank you..
Happy Trading !!!!!
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