- Major resistance - 1947 (Feb 1st high)
- Major support - 1920
- The index has broken major resistance 1947 and jumped till 1955.90. It is currently trading around 1954.40.
- Short term trend is slightly bullish as long as support 1920 holds.
- On the higher side any break above 1947 will take the index to next level 1992/2023.
- Any break below 1920 will drag the index till 1900/1890.the minor support is around 1940.
- Short term bearish invalidation only below 1890.
It is good to buy at dips around 1950 with SL around 1920 for the TP of 1992/2020.
