The Index has been
moving in a sideways move from the beginning of the month. The volume remained low. Levels above 9665
have been continuously rejected and whereas levels below 9606 have been
supported. Recently we saw some strength coming in terms of a bullish buy wave.
But this was not able to make much headway.
A close above 9690 with substantial volume will see the index seeking
higher level. However we are more likely
to see more sideways before this can happen.
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