OFSS has been resisted twice at the 75% level in recent past which is 4580.40. Thereafter it has retraced below th 50% level of 4015.80 and bounced back to the 75% givigan 25% returns in last 10 weeks. Again 75% level proved itself by the profit booking by smart investors.
Above the 4580.40 OFSS can attempt for a double top at 5145 level. In between we have a resistance at 4862.70 as seen on chart.
Supports at 4390.70 and 4298.10 can be used as buying levels with suitable risk reward ratio as per personal risk profile.
Happy Trading !!!
Disclaimer : Not an trading advice. Use your discretion and all disclaimers apply as per prevalent norms in the domain of the reach provided here.
Above the 4580.40 OFSS can attempt for a double top at 5145 level. In between we have a resistance at 4862.70 as seen on chart.
Supports at 4390.70 and 4298.10 can be used as buying levels with suitable risk reward ratio as per personal risk profile.
Happy Trading !!!
Disclaimer : Not an trading advice. Use your discretion and all disclaimers apply as per prevalent norms in the domain of the reach provided here.