Failure to take out 200-SMA for the second consecutive day if followed by a break below today’s low of 6114.81 by day end could result in a drop to daily 100-SMA of 6082.32. A day end closing below 6082.32 could spell trouble for bulls.
On the higher side, 200-SMA remains a strong resistance, where a violation could yield 6232 levels.
On the higher side, 200-SMA remains a strong resistance, where a violation could yield 6232 levels.
