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- Major resistance - 16400
- Major support -15500
- The index has once again recovered after making a low 15526. It is currently trading around 16011.
- The index is facing strong resistance around 16340 and any break above 16340 will take the pair to next level 16700/17000. On the lower side minor support is around 15500 and break below targets around 15200/14880 (200 day W MA) /14350/14000
- Short term bullishness can be seen only above 16340.
It is good to buy at dips around 15650 with SL around 15500 for the TP of 16320/16700
