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- Major resistance – 6956 (Aug 15th 2016 high).
- Major support – 6800
- The index has declined till 6779 and slightly recovered from that level. It is currently trading around 6810.
- Any break below 6800 confirms minor weakness and slight bullishness can be seen only above 6860 (10-day MA). Any break above 10-day MA will take the index to next level till 5955/6000.
- On the lower side, support stands at 6800 and break below will drag the index down till 6730 (34- day EMA)/6668 (23.6% retracement of 5727 and 6956).
It is good to sell on rallies around 6825-6830 with SL around 6880 for the TP of 6730/6670
