Last Update on 12/10/2014...
"On 10/10/2014 we had a high and low of 1936.98 and 1906.05. We had observed 1920 as critical level which was breached intraday with close near the low at 1906.13. Now on the next trading we have to watch the level of 1900 as a psychological level of support. Intraday above 1909.15 we have positive bias with resistance at 1922-1927-1933. On the downside we have 1890 as strong support. "
On 13/10/2014 we had positive above 1909.15 with high at 1912.09 which hit stop loss at 1906 level. We reversed at 1906 and shorts covered at end of day. Supports of 1890 breached is not good for the index.
Intraday for 14/10/2014 positive bias only above 1906.28 with initial resistance at 1920 levels.
On the downside supports at 1848-1845 levels.
Happy Trading !!!
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