Support- 15600 Resistance- 15900-15920 Yesterday US indices w | Stock Shiksha
Support- 15600 Resistance- 15900-15920
Yesterday US indices were volatile and doji candle appear in all indices. Crude has fallen from high. Natural gas fell by 14 %. F&O rollover for July series is in line(neutral) but FIIs net long position is at 15% which is highly oversold. PCR is at 1.15 for Nifty which is neutral on the first day of July series. PMI data will be released in many countries including India which further will give clarity on recession.
Technically, 15600-15650 is support zone where traders can go for buy with stop loss below 15500. On higher side, 15900-15920 is resistance where profit booking is expected. Fresh sell can be done too. As we are in the first day of July series and data is not sufficient, traders should trade cautiously. Breakout or breakdown will come in 2-3 trading session.
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