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- Major resistance- 6760 (Jul 25th high)
- The index has once again retreated after making a high 6758 and started to decline from that level. It is currently trading around 6738.
- Short term trend is slightly weak as long as resistance 6760 holds.
- On the higher side, any break above temporary top around 6760 will take the index to 6784 (161.8% retracement of 6743 and 6677)/6814 (161.8% retracement of 6743 and 6610)/6850.
- The minor support is around 6717 (trend line joining 6662 and 6690) and nay break below targets 6681 (trend line joining 6610 and 6662) and break below targets 6553 (61.8% retracement of 6742 and 6433)/6500.
It is good to sell on rallies around 6715-6720 with SL around 6760 for the TP of 6610/6555
