The index has broken major resistance 9720 and jumped till 9830. It is is currently trading around 9595.
- Any minor weakness can be seen only below 9600 and any break below 9600 will drag the index down till 9420/9300.
- The major long term support is around 9250 and any close below 9250 will confirm further weakness, a decline till 9000/8800 is possible .
- On the higher side resistance is around 9850 and break above targets 10000/10165.
It is good to sell on rallies around 9650-9700 with SL around 9800 for the TP of 9300.
