Importance of Support and Resistance market respected both and gave excellent Trading Opportunities.
- 5006 Swing Low never Broke showing the importance of Swing low
- 5706 Swing High once it broke market took breather absorbed selling and gave a breakout in afternoon trade
- Respected 200 DMA@5749 and tomorrow it should be conquered.
- Now the only Spoil sport will be corporate results market is going with good expectation and any average result can lead to sell off
- Buy on Dips should be mantra now till 5500 is held
Broke the falling trendline with a close above 5720. Infy results on 12 July will set the tone for market.
Levels for today
Buy above 5737 Tgt 5766,5787 and 5800
Sell below 5708 Tgt 5690,5662 and 5641