• The undertone remains bullish and once should keep a buy-on-dip approach with strong support at the 40,000-39,800 zone.
• The immediate hurdle on the upside is placed at 40,700 and once taken out will witness a swift move towards 41,500-41,800 levels.
• Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle. Remaining space can be straight way for Price to make moves.
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