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- S&P 500 consolidating in narrow range between 2100 and 2080 for past two trading session
- Major intraday Support - 2080-2085 (200 day HMA and 30th Nov low)
- Demand zone- 2100-2108
- On the lower side any break below 2080 will drag the index till 2060/2045 level.
- The index major resistance is around 2108 and any break above will drag the index further up till 2120/2137.
It is good to sell on rallies around 2090-2095 with SL around 2108 for the TP of 2061/2045
