As indicated yesterday the Index declined to 6130.25 and closed at 6135.85. Looking at the ferocity of the fall the Support at 6129 may not hold. But a Support is a Support till it is broken. The Index might slide to 6060 levels if it conclusively breaks 6129 and 6100. Outside target for the down move is 5972.
If the support at 6129 holds the Index might attempt to scale 6200 and 6220. The probability of move above 6220 looks bleak unless the predictably "unpredictable" RBI Governor springs a positive surprise.
Disclaimer: Views expressed though Technical in nature are bound to change dynamically during market hours on dominant crowd behaviour. Loss of Capital is substantial in Derivatives / Index trading.
If the support at 6129 holds the Index might attempt to scale 6200 and 6220. The probability of move above 6220 looks bleak unless the predictably "unpredictable" RBI Governor springs a positive surprise.
Disclaimer: Views expressed though Technical in nature are bound to change dynamically during market hours on dominant crowd behaviour. Loss of Capital is substantial in Derivatives / Index trading.
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