Psu stocks fall has weakened trend in market and it will be clear beyond 11 am whether psu sell off has finished or not
So, start small qty and increase as we move up
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CMP: 21616.05
Moving AVG (EMA) 20 Hour & 40 Hour: 21716 & 21758
Moving AVG (EMA) 20 Day & 40 Day: 21676 & 21457
Support & Downside Range: 21575—21445--21135
Resistance & Upside Range: 21730—21745 zone, 21831--21945
Short Term Trend Reversal Level: -- 22125
Trading View: In today's trading session key level to watch is 21831 Rest as long as nifty remains below this rest zone its intraday bias remains weak & sell side and after opening 21730—21745 should act as immediate rest zone, whereas downside 21575 is immediate support which is yesterday's low break below we may open for 21445 & 21135 levels.
NOTE: After opening if 21831 manage to break then once again trend turns range bound and sideways so understand the importance of 21831 Rest on intraday basis & act accordingly.
