CMP: 5284
As per my analysis. I expect small up move as correction and from there expecting a fall minimum 5132.
Supports: 5183, 5159, 5132.
Resistances: 5477, 5573.
If crude supported by 5183, 5132, we will see [5310-25], 5350-5367, [5390-5410], 5435-40.
Reversal from any of the above levels, we will see 5132 first.
Downside targets: 5132, 5100-[5085/84]-5090, 5050, 4915,4821.
STRATEGY:
Buy on Dips with SL 5180/5155/5130, for the up move targets.
Sell on Rise with Strict SL 5477/5573, for the down move targets.
Buy on dips first and Sell on Rise.
2:38 PM
UPDATE:
CMP 5178.
As per my analysis, the correction completed at 5298.
Now can go for sell at CMP or on RISE between 5190-5200 with SL 5210/5300 for tgts 5132, 5085, 5050, 5000, 4970, 4900, 4870, 4820.
As per my analysis. I expect small up move as correction and from there expecting a fall minimum 5132.
Supports: 5183, 5159, 5132.
Resistances: 5477, 5573.
If crude supported by 5183, 5132, we will see [5310-25], 5350-5367, [5390-5410], 5435-40.
Reversal from any of the above levels, we will see 5132 first.
STRATEGY:
Buy on Dips with SL 5180/5155/5130, for the up move targets.
Sell on Rise with Strict SL 5477/5573, for the down move targets.
Buy on dips first and Sell on Rise.
2:38 PM
UPDATE:
CMP 5178.
As per my analysis, the correction completed at 5298.
Now can go for sell at CMP or on RISE between 5190-5200 with SL 5210/5300 for tgts 5132, 5085, 5050, 5000, 4970, 4900, 4870, 4820.
