You could see that market made low of 8849.35, which
is the level i had suggested for stop loss (8850).
Now since we are at the support, it is ideal to look for
opportunity to Buy.
Market would remain sideway for some time. The lower
band would be around 8800-8850 and the higher band
would be around 9100-9150
Though medium term and long term trend is positive, the
short term trend is sideways. So trade with strict stop loss.
If we fall, the max. level could be around 8750, which
would be very strong support. So weakness need to be taken
as buying opportunity.
is the level i had suggested for stop loss (8850).
Now since we are at the support, it is ideal to look for
opportunity to Buy.
Market would remain sideway for some time. The lower
band would be around 8800-8850 and the higher band
would be around 9100-9150
Though medium term and long term trend is positive, the
short term trend is sideways. So trade with strict stop loss.
If we fall, the max. level could be around 8750, which
would be very strong support. So weakness need to be taken
as buying opportunity.
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