---Long Term---
A quick look at the daily chart shows a lack of conviction in this market. It needs an external stimulus to gain some momentum, which could be bullish or bearish. Macro factors, mostly from outside of India could be one of those forces. For bulls, any price below 9,000 to 8,800 looks like a decent place to accumulate positions. If the 8,800 support gets taken out, bearish outlook gets stronger.
-Farty
A quick look at the daily chart shows a lack of conviction in this market. It needs an external stimulus to gain some momentum, which could be bullish or bearish. Macro factors, mostly from outside of India could be one of those forces. For bulls, any price below 9,000 to 8,800 looks like a decent place to accumulate positions. If the 8,800 support gets taken out, bearish outlook gets stronger.
-Farty