SSP_Trader

SSP_Trader

As market was in strong momentum from a week as every candle was forming bigger than previous.... Last candle was form red showing weakness in momentum.....and also trading at upper level of channel.....which may cause resistance.....

SSP_Trader

Analysis-1 As Zone-1 breaks, market a boom has been seen. It may be retraced upto Zone-1 again move towards Zone-2 Analysis-2 If market goes down and hits Zone-1, little selling will be seen as sellers are dominating, it may try to penetrate into the Zone-1

SSP_Trader

Analysis-1: On the basis of daily and hourly chart, from last week, market was witnessing reversal from Zone-1. It's looks like strong resistance. If Zone-1 breaks, market will try to penetrate into the Zone-2 due to strong boom Analysis-2: As market is in down trend, 17500 will be act as support