- Major intraday resistance- 9586 (55 H EMA)
- Major intraday support- 9420 (21 H MA)
- The index has broken psychological resistance 9500 yesterday and jumped till 9590 at the time of writing. It is currently trading around 9568.
- In the hourly chart the index is trading well above Tenkan-Sen (9486) and Kijun- Sen (9384).
- The intraday trend is slightly bullish as long as support 9480 (Hourly Tenkan-Sen) holds.
- On the higher side, any break above 9590 will take the index to immediate resistance at 9718 (High made after Brexit)/9768 (200 HMA).
- The major intraday support is around 9480 and any break below targets 9420/9385.
It is good to buy at dips around 9525-9530 with SL around 9420 for the TP of 9718/9765.
