Trading strategies:
Inability to cross above the immediate upside of 1746, intraday bias may be negative and prices may come towards the immediate support of 1726. A direct rise above 1755 would trigger fresh buying again.
- Key levels for the day: Upside Minor 1742-1746/1755 strong 1770/1800.
- Downside immediate levels: 1714/1702/1690 Strong supports 1660/1625.
- Sell if unable to break 1746 target 1732 with SL above 1755.
- Sell below 1725 target 1717. Sell below 1715 target 1702/1690.
- Confirm selling below 1660 target 1642/1625 SL 1690.
- Downside turn around point is at 1660.
- Buy on dips to 1728 target 1740. Buy above 1755 target 1770 followed by 1800.
- Buy near 1720 target 1740 with strict SL below 1700.
Inability to cross above the immediate upside of 1746, intraday bias may be negative and prices may come towards the immediate support of 1726. A direct rise above 1755 would trigger fresh buying again.
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