Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
Have a eye on 5168-5208 level.(Unexpected Buying above 5208 will start ,it will have to close above this level for 3 consecutive days …then 5327-5367 )
Last week written above 5016 huge short covering and heavy buying will start.Just see in 2 sessions it flared upto 5209 level.On Thursday ,I had written above 5162 will kiss 5191-5208 level.U know what happened ?It kissed 5209 and closed at 5185.
Just have a eye on 5207 level.Once crosses this level with volumes and stays above this level for 5/10 minutes……Then Don’t remain short.
-Nonstop rally upto 5254-5270 not ruled out.
Suppose (Not able to cross High of Thursday )i.e 5209 & trades below 5192 then ?
-I expect slide upto 5141-5124 in panic.
-Major support 7DEMA -5084.
