As mentioned in yesterday's EOD post, the rising TL from 5634 is our first reference for support.Moving Averages (5/10/20DMA) have also got clustered in 5690-5703 zone.
Global clues are pointing to a small gap-down opening.
If we open below 5681.7,we may see 5654 during the day.
.png)
But the larger question is:
Will we be able to break the 5635-5725 range??? as only that would give a traction to the markets.
EOD Post:
Breach of 5681 and 5658 has brought 5617 on forefront.
Now 5681.7 becomes the SL for shorts:
.png)
Global clues are pointing to a small gap-down opening.
If we open below 5681.7,we may see 5654 during the day.
.png)
Will we be able to break the 5635-5725 range??? as only that would give a traction to the markets.
EOD Post:
Breach of 5681 and 5658 has brought 5617 on forefront.
Now 5681.7 becomes the SL for shorts:
.png)
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