Support Levels: 1. 19400: This is the initial support level. If the market sustains above this level, it could indicate potential upward momentum.
Resistance Levels: 1. 19450: This is the first resistance level. If the market sustains above 19450, it could signal a potential move towards higher levels. 2. 19500: This is a significant resistance level. If the market sustains above 19500, it may indicate a bullish sentiment.
Important Notes: - As with any trading, it's essential to consider other factors such as news events, economic data, and global events that can influence the market. - Market conditions can change rapidly, so having a well-defined trading strategy and using risk management tools, like stop-loss orders, is crucial to manage potential losses. - Pay attention to price action and technical indicators to confirm potential breakouts and reversals.
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