Markets Not Able To Sustain Above 4120 Levels For More Than 10 Minutes Which Gave A Fall Also Weak Globle Cues Gave Support To The Fall Please Donot Remain Long Though There Is Bounce As Mkts Are Over Sold But Try To Create Positional Shorts With Proper Sl. Long Position Is Not Advisable At Any Levels Unless All The Tgt Are Achieved On Closing Basis.
DOWNTREND LEVELS :
4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 3960, Imp Resistance 4045,
Likely Trading Range 3920-4090,
Trade on long Above 4035 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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