Good morning, friends!
I hope you had an amazing weekend. So much so that you're all set for an amazing week ahead!
A great comeback by the index propelled by global cues, crude decline, FII buying etc. Took away 16600/16700 easily and gave weekly closing above these levels against all odds. Now we have positional hurdle at 16800 and positional support at 16500. Once of which once broken will give that mega move we're waiting for. For Intraday, resistance at 16750 and support at 16650. Now all eyes on market's reaction on #RELIANCE & #ICICIBANK results.
Looked comparatively stronger and looking all set to cross 37200 if able to cross and sustain above 36900. Support of 36650, below which 36500/36300 also possible.
Let's see how it goes. Wishing you a profitable day ahead!