1) Based on Global market our market may go little up if any +Ve temporary news but 11150 red zone if any bearish sign it will again short rise may be trap for bulls be carefull 2) If any -Ve news or neutral market(postponing FPI/Auto decision from Finmin) will fall again
Chart Indicating 1) Green Trend line working as a Short term trend line Support 2) Pink Lines Recently Formed a Bullish Divergence and showed up move 3) Red line working as Resistance price action clearly shows near red area formed a Shooting star & Hanging man clear shows price rejection at resistance level
Look for bearish signals in all red zones to fall price down
Price has to go up till 254/255 for further price rejection, look for Bearish signs in marked red area then Targets 1) 250 2) 241 3) 234
Delivery % Increasing - MODI commented on tourism industry so it may go up for short term
If there is any Bullish sign in Green zone then price may reach till 480