Good morning, friends!
Monthly Expiry yesterday was Equal to a rollercoaster ride. Gavr trending move alongwith some headache. Today is a new day & start of September series. Let's see!
Range of 17350-17700 is still intact. We need a closing above 17800 or below 17300 to come out of this range. 17500-17550 has become a rock solid support which market isn't ready to give up soon. So as long as 17550/17300 are intact on DCB, Bulls no reason to worry. All they need to do is to patiently wait for a closing above 17800 & slowly achieve new levels on rise. September can be a trending month. Detailed view with chart after Weekly Closing. For Intraday, Buy above 17550 or Sell below 17480.
Respecting range of 38700-39500. Would have to wait for this range to break. Weekly BO has already happened, so broader view is Bullish but short term profit booking can't be denied. Better would be to wait for weekly closing. For Intraday, Buy above 38100 or Sell below 38700. Detailed view with chart tomorrow.
Sector to focus: BANKS, REALTY & PHARMA.
We've weekend ahead. So create positions accordingly. Wishing you a profitable day ahead!