- Major Support – 5700
- The index has made a low of 5737 and started to recover from that level. It is currently trading around 5821.
- Short term trend is weak as long as resistance 6000 holds.
- Any break above 6000 will take the index to 6200/6285. The minor resistance is around 5860/5890/5950.
- On the lower side any break below 5700 will drag the index till 5635/5595 level.
It is good to sell on rallies around 5920 with SL around 6000 for the TP of 5800/5700
The material has been provided by InstaForex Company – www.instaforex.com