Price action is said to be bullish in smaller time frame ,no detection of bearish momentum in smaller Timeframes as overall momentum is already Bearish. Key Area of Resistances : Resistance1: 40840 Resistance2: 41100 Resistance3: 41300 Key Area of Supports: Support1: 40560 Support2: 40390 Support3: 40300- 40100
Support and resistance levels can help traders Here I define support and resistance levels, GO LONG: If 17400 targets of 17500,17590,17670 Go Short : 17230,17140,17025
Strong sell off observed at 40700 so May act as Resistance Strong SUPPORT is observed at 39800,39600 before going to break 36900 again we see some consolidation or Strong Breakdown again. Long: if 40400 breaks at retest(Pullback) go long untill 40700. Short : if 40100 break and gives pullback enter for Short targets of 39800,39600,39300