The rebound from yesterday’s low of 6983 if followed by a daily close above 7055 (Oct 14 high) would open doors for a revisit to record high of 7129.8.
The area around 7055 has acted as a stiff resistance. Moreover, the index has been repeatedly offered around 7055 handle over the last two weeks. Hence, a day end close above 7055 is necessary to strengthen the bullish tone.
The area around 7055 has acted as a stiff resistance. Moreover, the index has been repeatedly offered around 7055 handle over the last two weeks. Hence, a day end close above 7055 is necessary to strengthen the bullish tone.
