Market Closed @ 16869
Market is in bearish mode.
So we not take any heavy qty position as if now for buying untill 17300 breached.
16978 will act as a strong resistance as if now & so on mentioned on the chart for up move.
16978 Gap Refill done today as discussed prevously.
Now what next ?
If market move to the downside then 16678 (Pending Gap again) will refill soon.
Below levels are:
Support 1: 16793
Support 2: 16730
Support 3: 16678 (Pending Gap)
Above levels
Resistance 1: 16924
Resistance 2: 16978 (Gap redilled today)
Resiatance 3: 17071
Market is in bearish mode.
So we not take any heavy qty position as if now for buying untill 17300 breached.
16978 will act as a strong resistance as if now & so on mentioned on the chart for up move.
16978 Gap Refill done today as discussed prevously.
Now what next ?
If market move to the downside then 16678 (Pending Gap again) will refill soon.
Below levels are:
Support 1: 16793
Support 2: 16730
Support 3: 16678 (Pending Gap)
Above levels
Resistance 1: 16924
Resistance 2: 16978 (Gap redilled today)
Resiatance 3: 17071