Description
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BAJFINANCE -
1. Major Support - 7300.
Major Resistance - 8000.
2. Past Trend - Up trend. Then went into consolidation after fall from 8000. Broke 7300 an important swing low and reversed.
3. Current strength - in up as shown by up move from 7220 to 7754.5.
4. Future trend - up move to test 7750, 7900. Watch for strength of this up move for break of 8000 or continuation of consolidation.
5. Trade Setups in 3 minute time frame for intraday -
a. Buy - if sustains above 7600 for above 7700, 7750. Stop 7590.