Markets are trying to take support @ 5550. For last 3 trading session, market has not been able to break this level of 5550. Today also it has taken support and sustained it for more than 1 hour.
Now if the market sustains 5580 and starts trading above it, then we may start seeing upward movement. You can see a target of 5630.
If 5630 is sustained, then more short covering rally might also come.
It all depends on how the market direction moves.
Now if the market sustains 5580 and starts trading above it, then we may start seeing upward movement. You can see a target of 5630.
If 5630 is sustained, then more short covering rally might also come.
It all depends on how the market direction moves.
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