- Minor resistance - 16400
- Major resistance - 16575 (200 day 4 HMA)
- Major support -15600
- The index has broken major resistance 16350 and jumped till 16525. It is currently trading around 16348.
- It is facing major resistance around 16575 and any break above 16575 confirms minor trend reversal, jump till 16700/17000/17250 is possible .
- On the lower side minor support is around 16000 and break below targets around /15500/15200/14880 (200 day W MA).
- Short term trend reversal can be seen only above 17200.
It is good to buy above 16250-300 with SL around 16000 for the TP of 16575/1700


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