The firm bullish move in the index this week opens up possibilities for it to tread at higher levels in the coming week.
On gap down, the index could move towards 20900. Beyond that it should find support at around 20500 (2 weeks' average)
On gap up, and above 21500, the index has no major resistance up till 22400 (38.2% retracement)
On gap down, the index could move towards 20900. Beyond that it should find support at around 20500 (2 weeks' average)
On gap up, and above 21500, the index has no major resistance up till 22400 (38.2% retracement)
Trade closed: target reached:
See next post for update