Resistance & Support The index is facing resistance around the 10 dma = 5725 and 20 dma = 5754; intra-day rise is facing stiff resistance around the 5725-5754 band. On the downside, index has support around 5515 and lower support is around 5485(50dma) [dma= daily simple moving average].
Conclusion Intra-day pullback will face resistance around 5725-5754 band.
No comments:
Post a Comment