Good morning friends,
I have a view. Market always depends on follow up of the trend. If this bullish trend has to continue then buyer has to emerge at support levels. One such meaningful support is at 17600 levels.
As long as it is staying above 17600, we can expect a move towards all time high. I am not claiming that it will cross or not.
Another big question is will it save 17600?
We can feel lot of if and but continues here.
For todays trading session, I am getting technical sense of support emerging at lower levels. As of now SGX Nifty is giving a hint at lower start.
We have monthly expiry today and that will add spice to the volatility. One must avoid shorting at lower levels and near to support of 17600 unless it broke decisively.
We have seen sharp up and down in recent days.
Be careful
Happy and profitable trading.
