- Major resistance- 10270 (trend line joining 10487 and 10348)
- Major support- 10200
(resistance turned into support)
- The index has broken major resistance 10270 and jumped till 10386 at the time of writing. It is currently trading around 10358.
- Short term trend is bullish as long as support 10200 holds. On the higher side major resistance is around 10375 (May 31st high) and any break above targets 10480/10800 in the short term.
- On the lower side any break below 10200 will drag the index down till 10000/9920.
- Short term weakness only below 9900.
It is good to buy on dips around 10300 with SL around 10200 for the TP of 10480
