** PLEASE NOTE THAT ALL LEVELS MENTIONED ARE SPOT ** Good evening! The index managed to take support around 29100 and bounced back but with a lack in vigour. At the moment all the highs are being sold by DIIs (and lows bought) while FIIs continue to remain net buyers. Even if the index breaches its 1 wk avg, now around 29940, it will face heavy resistance around...
The index took support @ 23200 (1st support itself) and recovered two days’ fall in a single hour. However, the upmove was speculative (SC interest waiver case) w/ relatively less volume, suggesting that there is a higher probability of the index trading at a higher range in the near term (w/ Pivot @ 24000) but with limited upside. LONG , if the index...