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- Major resistance - 165255 (200 day 4 HMA)
- Major support -16200
- The index has broken major resistance 16525 and jumped till 16725 at the time of writing. It is currently trading around 16721.
- Any break above 16575 confirms minor trend reversal, jump till 16700/17000/17250 is possible .
- On the lower side minor support is around 16200 and break below targets around 16000/15800/ minor support is around 16400.
- Short term weakness can be seen only below 15500.
It is good to buy at dips around 16650 with SL around 16400 for the TP of 17250
