MARKETS HAVE ALREADY RETRACED 38 % FROM THE LOWS MADE AND MAY BE HEADING TOWARDS 50 % RETRACEMENT WHICH IS 4303 AND THEN 61% WHICH IS 4396 ALSO FII ARE BUYERS IN TODAYS TRADE WITH LOW VOLUMES ALSO TOMORROW WE MAY HAVE GAP UP OPENING ALSO PLEASE KEEP SL AT 4150 LEVELS FOR LONG AND SHORTS ARE SQUEZED NOW.
DOWNTREND LEVELS :
4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4200, Imp Resistance 4270,
Likely Trading Range 4160-4305,
Trade on long Above 4170 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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