Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52300 – 52400 range.
Downside moments are less likely. However, Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50100 - 50000 range.
Trade fechado: objetivo atingido
Gap up opening with low near 51775 and made high near 52230 with close near 52205.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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