FOR THE COMING WEEK:
Indices are likely to face resistance at the 17800‐18000‐18100/5350‐5380‐5400 levels.
Any surge in the indices may see profit taking around the indicated resistances.
Downside supports are placed at the 17350‐17200‐17050/5200‐5150‐5100 levels.
Depending on the global cues we expect to see an upward movement from the mentioned supports and the trades could
be influenced by strong moves sectorally.
Any move until the above mentioned resistances shall be utilized to exit from long positions and look out for a sustainable move.
However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop