Major resistance- 97
The index is trading steady for third consecutive day after hitting high of 96.53. It is in consolidation phase for the day and declined till 96.21. It is currently trading around 96.34. Short term trend is bullish as long as support 95.49 (20- day MA) holds.
On the higher side, any break above 97 high made on Aug 15th 2018 confirms major bullishness and a jump till 98/98.60 likely. Major trend reversal only above 97.
The near term major support is around 95.49 (20- day MA) and any violation below targets 95/94.79 (89- day EMA).
It is good to buy on dips around 95.95-96 with SL around 95.40 for the TP of 97.
