Good morning, friends!
I hope you had an amazing weekend and spent quality time with your family/friends. Now let's shift our focus back to markets.
Desperately trying to save 17300 on Daily Closing Basis. Maybe a big move in making. Short term range is very tight as of now of 17200 - 17500. Above 17500, 17650-17700 possible to meet ultimate TL resistance (refer to earlier charts I shared) and below 17300, 17200/17050 are decent supports. Overall range: 16900-17700. For Intraday, it's Buy above 17430 and Sell below 17300.
38000-38100 is tough resistance to break, also being a psychological resistance. Good support at 37600-37700. We can expect a decent move above 38100 for Target 38800-39100. Below 37600, we may once again see 37200-37000. For Intraday, Buy above 38100 or Sell below 37700.
As mentioned in previous post, we have Trading Holiday tomorrow on account of Muharram. So plan your trades accordingly.
Focus on: FMCG on Buy Side and Pharma on Sell Side.
Today we may see a minor Gap Down.
Wishing you a profitable day ahead!