Yesterday as suggested by patterns, markets were unable to crack the 4950 ceiling and pulled back though all other indicators were pointing to bullishness.
Now that 4950 has been established as a strong resistance, will markets consolidate around 4800 - 4950 levels for some time.
At this instance, it points to that and no clear trend is in sight. Only on a break of either of these levels would a trend emerge.
Resistance levels : 4907, 4924, 4945
Support levels : 4861, 4837, 4796
Happy Trading
www.tripleint.com
No comments:
Post a Comment