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- Major support - 96.25 (trend line joining 92.62 and 93.84)
- The index has taken support near trend line and started to jump from that level. It is currently trading around 96.71.
- Short term trend is slightly weak as long as resistance 97.60 holds. Any break above 97.60 will take the index till 98.05/98.50.
- The major support is at 96.25 and any break below 96.25 will drag the pair down till 95.57/94
It is good to sell on rallies around 96.80-96.90 with SL around 97.60 for TP of 96.25/95.50
