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Prices have inflicted the break of 5010 region and stay afloat this region with burly volumes could open room for major upside rally towards 5065-85/5125 region. On the contrary, splinter past 5010 could call for liquidation towards 4980-70/4955-30.
4930 region acting as a hurdle for intraday rise in prices. failure to shatter the same may call for intraday selling with a downside objective of 4880/4852 initially followed by 4825. Meanwhile, break above 4930 region could haul up price to 4955/4995.
Prices have to give way for 4995 region to extend any significant bullish run to 5025-45 levels. Otherwise expect prices to cool-off towards 4925 region for the day.
Prices moved as we anticipated during the previous session, but needs to clear level of 4965 to witness continuation of the buying momentum towards 5000/5025 region. In ability to clear the level could call for liquidation to 4910/4875 followed by 4850.
The ensuing buying momentum is likely to continue as long as prices stay afloat 4850 region towards 4905/4925 for the day. On the flipside, below 4850 could open room for liquidation to 4825/4795 region.
Prices held Fibonacci support at 4652, which seems invincible so far. The ensuing buying momentum is likely to extend towards 4705 region for a turn lower. Above this region with stiff volumes could see target price objective of 4725-45/4770. On the flipside, splinter past 4652 region could open...
Prices have to trade and remain above 4780 region to witness buying momentum to 4810-4825/ 4845. On the flipside, break of 4780 with strong volumes could see sell-off towards 4755/4725.