· As Expected The Bounce Was There As In An Uptrend Close Near The Low Becomes Buying Opportinity While In An Downtrend Close Near High Becomes Shorting Opportinity Thus Tomorrow Being Expiry There Can Be Some Volatility If Globle Cues Becomes Week Overnight Else Expect Close Above 4300 ++ And Expecting Surprise Close Near 4500 Monthly So Please Try To Buy With Stoploss As Where The June Series Shall Start And End Cannot Be Predicted As There Is Still More Room Of 400 – 500 Pts More Before Budget In July With Some Consolidation And Correction Ahead. Now We Shall Be Touching Upper Band And Friday Shall Be Weekly Close Which Should Remain Above 4250 Levels For Further Uptrend We Are Just Taking Intraday Or Intraweek Correction Still It Will Be Important To Watch Close Above 4300 For Atleast 2 Days. Fresh Buying Adviced Above 4300 Only With Sl 4230 Closing.
- The Main Trend Is Up
- Now We Will Have Bigger Range To Play From 3700 - 4000 - 4670
- LEVEL FOR THE DAY
- TECHNICAL OUTLOOK :
- Imp Support 4230, Imp Resistance 4325,
- Likely Trading Range 4180-4370,
- Trade on long Above 4180 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.
· DISCLAIMER :
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