Major support – 10100 (trend line joining 9911 and 10116).
Major resistance- 10200 (trend line joining 10487 and 10374).
The index has once again recovered after making a low of 10070.It is currently trading around 10148.
Short term bullishness can be seen only above 10200.
Any indicative break above 10200 will take the pair till 10374/10487.
On the lower side, support is at 10100 and any violation below will drag the index down till 10000/9925/9867 (200 HMA).
It is good to buy above 10200 with SL around 10100 for the TP of 10370/10487.
Major resistance- 10200 (trend line joining 10487 and 10374).
The index has once again recovered after making a low of 10070.It is currently trading around 10148.
Short term bullishness can be seen only above 10200.
Any indicative break above 10200 will take the pair till 10374/10487.
On the lower side, support is at 10100 and any violation below will drag the index down till 10000/9925/9867 (200 HMA).
It is good to buy above 10200 with SL around 10100 for the TP of 10370/10487.