Major resistance – 10041 (14th Mar 2016 high)
Major support -9880
The index has broken major resistance 10041 and jumped till 10059 at the time of writing. It is currently trading around 10054.
Short term trend is bullish as long as support 9880 holds.
Any break below 9880 will drag the index down till 9760/9575.
On the higher side break above 10040 will take the index to next level till 10165/10400.
Short term bullish invalidation only below 9300.
It is good to buy around 10030-10050 with SL around 9880 for the TP of 10400
Major support -9880
The index has broken major resistance 10041 and jumped till 10059 at the time of writing. It is currently trading around 10054.
Short term trend is bullish as long as support 9880 holds.
Any break below 9880 will drag the index down till 9760/9575.
On the higher side break above 10040 will take the index to next level till 10165/10400.
Short term bullish invalidation only below 9300.
It is good to buy around 10030-10050 with SL around 9880 for the TP of 10400