has a tendency to reverse towards 10 & 20 days EMA
if the gap between 10 EMA
and price is 7-12% . It has taken support of 78.6% retracement
of entire rally from 6300-7500 wave. Today market opened with gap but recovered
from the low and now trading near day's high. It has also respected trendline support. All these looks singal of reversal towards mean and 38.2% retracement
Buying can be done at cmp
6660 with stop loss 6580 (closing) or 6525 (intraday) for target of 6900-7020.