The markets consolidated on expected lines last week. Going forward we do see some strong resistances immediately ahead – which could prolong the consolidation phase for now.
Continue to add to your longs, on all dips till 29500.
29500 is the border between a positive near term outlook and a negative near term outlook.
Date
|
10-Apr-17
| ||
S2
|
29,593
|
9,227
| |
S1
|
29,668
|
9,250
| |
Previous Close
|
29,706.61
|
9,261.95
| |
R1
|
29,754
|
9,277
| |
R2
|
29,768
|
9,281
| |
Fair Value
|
26,432
|
8,241
|
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