A week of adjustments after hitting 70 mark. But managed to cap off a positive week, thanks to strong Fri’s rebound. And therefore instantly reviving a showdown at 1300 if mkts trades above 70 next week after given it a miss this week. Above 70, looks a good bet for long next week, especially Monday and Tuesday. Following strong recovery today, no sell call till 60 support is breached.
At the moment , the mkt is considered rangebound, generally in a 50-70 band. But upside breakout potential is higher following it current momentum & its proximty to resistance lvl.
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