- Still we are in 5440 to 5600 range.But it seems today we will test lower range and eventually head lower in coming days.
- For today's trade 5465 to 5490 is a important support zone.Below this 5450 is a minor support.Closing below this lead to 5300 levels.
- For long term investors good opportunity's are coming.Look for it.Stay with cash.
- Yesterday's option data suggests support at 5400 and fresh addition of 5500 call addition.
- Even 5600 puts are covering.This data can change any time.But overall trend looking weak.
- For intra day rallies towards 5515-25 can use for fresh shorts.Only a sustainability & closing above 5515-25 brings back minor positive momentum.
Cheers & Best to your trading
