We had a boring session today with just 30 range. We closed above the low of the last 2 days and also above the high of yesterday. We finally broke the lower high - lower low streak and tomorrow open can set the tone for the rest of the week. OI stands at 2,47 cr (increase of 3.3%). Range continues to squeeze and todays 31 point range makes it the narrowest range in the last 14 days.
BTW, the up move was with 19% reduction in volumes. So thats a spirit dampener.
4939 has become a very reliable support and has been tested 4 times and this will remain the level to watch for tomorrow session.
regression channel points to 4972 as the trend decider level for tomorrow, with immediate target of 5076.
BTW, the up move was with 19% reduction in volumes. So thats a spirit dampener.
4939 has become a very reliable support and has been tested 4 times and this will remain the level to watch for tomorrow session.
regression channel points to 4972 as the trend decider level for tomorrow, with immediate target of 5076.
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