Bullish attempts failed when the prices broke down below Super Trend(ST) support line. Yesterday's LONG at 10855 gave us +80 points.Today is range day in technical terms because long-term CCI could not penetrate above 100 line and this rejection made MACDHistogram Momentum's bearish move in charge.
Midday, prices reversed the trend. But broke down below ST again.
Tomorrow: SELL day
We can expect breach of today's low as the closing was weak on Buy day. Today was NR5 day as well. Some bearish pressure will force the index to trade lower. It may recover from lower prices though.
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