- Major support: 98.35 (55 day EMA)
- The index has made a low of 98.37 (15 th Jan 2016) and recovered from that level. It is currently trading around 99.05.
- Any break below 98.35 will drag the pair till 97.15/96.75.
- On the higher side major resistance is around 100.51 and break above will take the index till 101.50/102.80.
- The minor resistance is around 99.35/99.70/100.
It is good to sell on rallies around 99.85-100 with SL around 100.51 for the TP of 98.35/97.15.
