Today Market opened lower and traded with negative bias throughout the day to close in red. On the daily chart, it is being observed that prices are moving closer to the 200-day SMA (19,048 / 5,700 levels) which is the immediate support for the indices. In coming trading session if indices trade below 19,245 / 5,777 levels then they are likely to test 19,150 - 19,050 / 5,750 - 5,700 levels. On the upside, 19,426 - 19,540 / 5,830 - 5,875 levels may act as resistance for the day.
0 comments
Post a Comment