A probable sell off could happen in case the index goes below 6679 on good volume activity. Once it falls further below 6650, the profit taking led sell off might well morph into a strong down day. However, so long as the level of 6650 is held, the bulls can again push it up higher.
- Most critical levels of the day: the range between 6650 and 6679, its 1st support range.
- Strong support: 6620 – 6603.
- Major support: 6571 – 6549.
- Strong resistance: 6717 – 6730
- Major resistance: 6759 – 6800
hope of its regaining its lost strength is its ability to stay above 12668—if it does not fall below this level, it can always reclaim bullish momentum. However, any sustained campaign below 12668 would invite the bears to sell again.
- Most critical level: 12668, its strong support
- Next strong support: 12635 – 12609
- Major support: 12484 – 12303
- Strong resistance: 12797 – 12828
- Major resistance: 12959 - 13010