Strong support at 5480 for short term.
Closing below this level can see downfall this 5800-5810.
Resistance at 5950
Medium term
Medium is still positive as support lies at 5840-5686
If sustain the resistance is 5950-6080.
Divergence in MACD and RSI in daily chart.
Both the indicator have crossed the signal line downside.
But if market moves side was then this indicatorcan turn up in coming days.
Please consult your adviser before investing.
Regards
Closing below this level can see downfall this 5800-5810.
Resistance at 5950
Medium term
Medium is still positive as support lies at 5840-5686
If sustain the resistance is 5950-6080.
Divergence in MACD and RSI in daily chart.
Both the indicator have crossed the signal line downside.
But if market moves side was then this indicatorcan turn up in coming days.
Please consult your adviser before investing.
Regards


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