Major resistance- 96.16
The index has broken major resistance at 96.16 after a long consolidation and jumped till 96.53. It is currently trading around 96.45.
On the higher side, any break above 96.16 high made on Oct 9th 2018 confirms major bullishness and a jump till 97 likely. Major trend reversal only above 97.
The near term major support is around 95.40 (20-- day MA) and any violation below targets 95/94.77 (89- day EMA).
It is good to buy on dips around 95.95-96 with SL around 95.40 for the TP of 97.
