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- Major resistance – 97.60 (trend line joining 96.79 and 97.32).
- Major support - 96.70
- The index has retreated after making a high of 97.45 yesterday. It is currently trading around 96.95.
- Short term trend is slightly bearish as long as resistance 97.60 holds. Any break above 97.60 will take the index till 98.25/98.40 in the short term.
- On the lower side, any violation below 96.70 will drag the index down till 96.35 (trend line joining 95.34 and 95.83)/95.85.
It is good to sell on rallies around 97.10 with SL around 97.60 for the TP of 95.85.
