- Major resistance- 9595 (60 H Kijun-Sen)
- Major support – 9410 (61.8% retracement of 9161 and 9812).
- The index breaks below psychological support and declined till 9414 at the time of writing. It is currently trading around 9420.
- The downtrend from 10343 till 9161 will come to an end if the index closes above 9812 (Jul 4th high).
- Any further bullishness can be seen only above 9815 level.
- On the higher side, minor resistance is around 9500 (hourly Tenkan-Sen) and break above targets 9595/9640.
- Any violation below 9410 confirms minor trend reversal, a decline till 9300/9210/9000 is possible .
It is good to sell on rallies around 9460-470 with SL around 9600 for the TP of 9210/9000
