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Further uptrend possible
Breakout continuation formation on intraday charts is indicating further upward move; For now, 80,500 would be the key support level, above which...
Market texture is extremely volatile
For now, 50-day SMA or 73500 and 74000 would be the key resistance areas while 71000-70200 would act as key intraday supports zones
Sensex forms strong reversal formation
On the higher side, immediate resistance for the index could be 74,000-74,200; On the flip side, below 50-day SMA or 73,500pts, traders may prefer to...
Market still on weak side
For traders now, the 72,500 and 72,300 are important support levels, above which market could bounce up to 73,000-73,300, on the flip side, below...
Options data holds undercurrent bullish bias
Fall in Put OI visible at deep OTM strikes from 21,500PE and ITM range of 22,500-22,750
Positive momentum likely in mkts
73,100 would act as a key support zone; So long as the index trades above the same, the pullback formation is likely to continue. Below 73,100, we...
Cautious investors booking profits
For the day traders 73,500 would act as a key level below which market could slip till 72,965. Above 73,500 the index could bounce back till...
Domestic flows supporting mkts
75,000 would act as a trend decider level, above which the market could rally till 75,500-75,600pts; Below the same, it could retest the level of...
