Market remains "Buy on Dips", but volatility will continue.
8900-8950 will continue to act as strong resistance. Once this is taken out and market closes above 9000, we can see short covering rally of 100-200 points.
Looking at the current pattern, we should be able to see 9000 levels by this weekend.
Intraday Support: 8800, 8840
Intraday Reistance: 8880, 8900
8900-8950 will continue to act as strong resistance. Once this is taken out and market closes above 9000, we can see short covering rally of 100-200 points.
Looking at the current pattern, we should be able to see 9000 levels by this weekend.
Intraday Support: 8800, 8840
Intraday Reistance: 8880, 8900
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