Going forward 10200-10240 will act as support, till holds expect upmove towards 10350-10390
Above 10390 rally will have further strength upto 10500
Till 10180 which is 38.20% retracement of entire upmove from 9687 (28 Sept) & 10490 (6th Nov) & 10260-10200 which is 61.8% & 78.6% of entire upmove from 10124 & 10490 holds, index could continue upmove upto 10500 and face resistance.
Technically, Key Oscillators RSI, Stochastic & MACD are above their respective averages on the Weekly. Also RSI is taking support @ trend line support on Daily Charts indicating Buying support on dips.
Above 10390 rally will have further strength upto 10500
Till 10180 which is 38.20% retracement of entire upmove from 9687 (28 Sept) & 10490 (6th Nov) & 10260-10200 which is 61.8% & 78.6% of entire upmove from 10124 & 10490 holds, index could continue upmove upto 10500 and face resistance.
Technically, Key Oscillators RSI, Stochastic & MACD are above their respective averages on the Weekly. Also RSI is taking support @ trend line support on Daily Charts indicating Buying support on dips.