- The index has made a high of 5953 and retreated from that level. It is currently trading around 5874 .
- Short term trend is slightly weak as long as resistance 6000 holds.
- The major resistance is around 6000 and any break above 6000 will take the index to 6200/6285.
- On the lower side any break below 5800 will drag the index till 5740/5700 level. The minor support is around 5850.
It is good to sell on rallies around 5920-25 with SL around 6000 for the TP of 5800/5705.
The material has been provided by InstaForex Company – www.instaforex.com