However, the index gave a good bounce from the support 24850 as expected. So this point becomes now very critical to hold the bull run ahead. If we slip below this we may see further delay in the next leg. Resistance is now at 25080. After that 25222 is the target.
In this type of market you should be looking for the setups tightening in their recent base range. One such example is
The next good sector would be Real Estate and Pharma.
The
Note - The undertone is strongly bullish as last week's buyers volume exceeded sellers' by 122 million. So be on bull side. Any dip will offer a buy opportunity for patience traders.
That would be all for the day. Take care and have a profitable tomorrow.
TrendX INC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TrendX INC
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.