It is been observed on Daily Chart that the price action breaks and closes below support zone of 66-65 levels indicating sellers dominance over price action. Now, it shall move further down to the next support zone at around 60-61 levels.
Target 1: 63
Target 2: 62
Stoploss: 65
FED BANK approaching very stiff resistance zone.( 74-76).
Volume activity suggest, it would be difficult to break the resistance.
Aggressive traders can short fed bank with small Sl.
But one should exit the trade on close above 76 or go long then.
