Major resistance -5445 (55-day EMA). Major support - 5385 (90- day EMA). The index has broken major support 5385 yesterday and declined till 5358 at the time of writing.It is currently trading around 5371. On the higher …
The index has broken major support 5385 yesterday and declined till 5358 at the time of writing.It is currently trading around 5371.
On the higher side,minor resistance is around 5445 (55- day EMA) and any break above 5445 will take the pair to next level till 5500/5520 (9- day EMA). The index should break above 5625 for further jump till 5700.
The major support is around 5333 (50% retracement of 5041 and 5625) and any break below targets 5300 (cloud bottom)/5264 in the short term.
It is good to sell on rallies around 5400 with SL around 5450 for the TP of 5360/5300
