Market closed on 7142 today:
For Bullish trend it is good to trade above 7120 in early hours of Friday, well we got the support at 7085 (as already given in weekly update earlier) and I already mentioned earlier this support is a weaker support. keep your doubt open here.
Last hope for the market is between “7044 and 7027″:
once the market breaks the last hope with the pressure, I will suggest trader to offload positons and buy back on long-term support (given in weekly update).
I can see a stronger resistance zone 7185 – 7196, if the bulls crosses this hurdle then we find the next resistance arround 7254 – 7267
Foriegn investor are not showing any panic.
Recommendations:
Most of the scripts are under pressure right now, I am not Recommending short in most of the scripts, I am still encouraging buy in few scripts.
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
