HOURLY CHART
DAILY LINE CHART
- The only positive chart shown above is the hour chart which has closed above the channel resistance line. But that too need follow up price move on monday for confirmation of a reversal.
- The second chart shows price trading clearly below 50 and 200 day moving averages.
- The third channel shows the possible support and resistance lines. for next week 10050 should act as a support closing below this would trigger larger correction.
- 10250 is the bulls area closing above 10250 and trading above 10300 would turn it in favour of the bulls.
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