4 Sessions trading between 5649-5808 with NSEL news led high volatility,following supports and resistances:-
1- Supports between 5649-5680
2- Resistances between 5730-5768
3- Resistances between 5782-5808
As Bullish Falling Channel last Friday therefore some up moves were expected and being seen today but follow up consolidation is required for crossing next resistances and next decisive up moves above 5808. It should also be kept in mind that selling in the coming hours will mean deeper correction after sustaining below 5649.
1- Supports between 5649-5680
2- Resistances between 5730-5768
3- Resistances between 5782-5808
As Bullish Falling Channel last Friday therefore some up moves were expected and being seen today but follow up consolidation is required for crossing next resistances and next decisive up moves above 5808. It should also be kept in mind that selling in the coming hours will mean deeper correction after sustaining below 5649.