CDSL Futures Outlook: Bearish Momentum Persists
The stock recently faced rejection at the resistance level of ₹1,600, sparking another leg of the ongoing downtrend. Over the past week, it has declined nearly 10 per cent.
Price Action Analysis
Since July, the scrip has been consistently forming lower highs and lower lows — a clear indication of sustained bearish momentum. With bears strengthening their grip, the earlier support of ₹1,440 has now been invalidated. This opens the door for a further slide towards the support band of ₹1,350–₹1,380.
Resistance and Recovery Scope
Even if there is a short-term bounce, it is expected to remain capped within the ₹1,530–₹1,550 zone, limiting any meaningful recovery.
Trading Strategy
With the crucial support at ₹1,470 already breached, holding long positions in CDSL September futures is not advisable. Traders may consider exiting longs and initiating fresh short positions in line with the prevailing bearish structure.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
Tags: CDSL, Stock Analysis, Futures Trading, Technical Outlook, Indian Stock Market
