CHART - II
- Channel break gives a good rally as discussed below
- 10240 region is crucial for bulls. any weakness at this region can give a pull back in favour of bears
CHART - I
- Dow Jones futures is looking positive today.
- Index has managed to rally till the resistance line of the channel.
- Now the area between 10130 - 10150 is crucial. Resistances are strong around here. If price is able to sustain above 10150 a good rally is possible.
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