Market had opened with a gap up of around 50 points, then started moving down near to its yesterday close. From there it started range bound trading. It is expeced that market has more chance of going upwards in next few hours of trade. More resistance is seen at 3146. So Traders,
Go Long above 3165 to the first target of 3194.
On contrary one can go short below 3092 but it wil be risky trade because there are lots of support points at 3081, 3070 & 3063. If because of any bad sentiment if the trade gets activated, be cautious at the above mentioned points with the target of 3056.
Monday, October 20
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