will touch 1750, and will fall from there to around 1726/27 zone
Market seems to be aiming at 1751 but lacks strength to go above that. My assumption is to when market touches 1750 zone reversal will occur seeing it around 1725/27 zone and may be dropping further to 1718 and below.
last few days of last week the market was consolidating which my continue on Monday. My bias two scenarios first one market will go up little bit around 1749/1751 or 1765/1771 zones then we get good sell from there till 1717/1700 and may be below that. second scenario market to start falling from 1737/1740 area to 1723/1717 resulting good move to 1690/1980 zone...
When market opens the bullish strength might continue to break last week highs of 1750/51 zone and push it new high around 1769/1773 zone then take downfall. my bias is market will test last week high but will not break 1750/51 area. reverse to 1745 previous weeks highs then to 1732- 1723 , 1717-1706 as it is taking some consolidation as it is moving downwards.
I am mainly thinking it will be trading between 1723 and 1675, anything below 1669 bearish to 1639 and may be below. for the bullish side if it breaks 1727 thinking of 1739,45 and higher. in support of bullish.
previous supports and resistance regions