We are seeing a very sharp movement on the upside from the past 3 trading sessions.
Today Index opened the gap -up, but did not sustain the higher levels, saw some sell-off, and closed in red forming a moderate candle( Not very useful)
Though one can notice, open and high price is same, and the price is also near strong resistance. i.e 16800-17000.
Hence it looks like as long as these levels are resisted, we might see weakness again in the Index if it breaks 16500 levels in the first hour or opens a gap down below it.
Levels for tomorrow :
Support 16520-16450
Resistance 16760 - 16800
Bullish above 17000 levels
Today Index opened the gap -up, but did not sustain the higher levels, saw some sell-off, and closed in red forming a moderate candle( Not very useful)
Though one can notice, open and high price is same, and the price is also near strong resistance. i.e 16800-17000.
Hence it looks like as long as these levels are resisted, we might see weakness again in the Index if it breaks 16500 levels in the first hour or opens a gap down below it.
Levels for tomorrow :
Support 16520-16450
Resistance 16760 - 16800
Bullish above 17000 levels
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.