Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range.
Downside moments are less likely. However, Index has immediate support near 12200 – 11150 range and if this support is broken then index may tank near 12050 – 12000 range.
Trade fechado: objetivo atingido
Gap up opening with low near 12460 and made high near 12595 with close near 12575.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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