CHART - II
- Range of 9936 - 10159 breaks out towards the upside. Minimum target is 10350. But Dow jones at the moment is up by more than 2.50%, so try to enter long trade if a pull back happens.
CHART - I
- Dow Jones hour chart is showing a range of 10159 - 9936.
- 223 points towards the breakout point. But the direction may not be that easy to predict.
- 9936 area has given support 3 times. So an hourly close below this level may not be good news for the bulls.
- If index gets support at the lower end of the range a good rally towards the upside is possible.
- Most important wait for the range to break and give clear direction before entering into a trade
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