If Index moves below 7745- it could get support in the range 7705-7715 & going below 7700- it can touch 7680-90 which is key level for the market.
Once we breach 7680- Index will confirm that it has started downtrend move. I shall be looking for the zones mentioned above as support zones where a temporary halt could be possible with important resistance@7890.
Incase, if we have pull back & index goes above 7890- then we need to come back again for analysis.
Going below 7745—look for support in the zone 7705—7715 & 7680—7690—Intraday with day’s high as stop.
Abhishek H.Singh, CMT
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ