- Major resistance- 6745 (Jul 14th high)
- The index formed a temporary top around 6745 and started to decline from that level. It is currently trading around 6687.
- Short term trend is slightly weak as long as resistance 6745 holds.
- On the higher side, any break above temporary top around 6745 will take the index to 6784 (161.8% retracement of 6743 and 6677)/6814 (161.8% retracement of 6743 and 6610).
- The minor support is around 6674 (trend line joining 6691 and 6677) and break below targets 6610/6553 (61.8% retracement of 6742 and 6433).
It is good to sell below 6670 with SL around 6745 for the TP of 6610/6555
