In my last post dated 20 Jan 2016, I shared the weekly charts with you all. Today is the daily chart.
Support: 6861
Resistance: 7242, 7419,7540,7640, 7725, 7935
Last one month had been very volatile. The indices are playing with the emotions, my for sure :) It continue to respect the support levels and resistance levels. I don't foresee markets reaching new highs in the near future but this is the best time to take a buying dip. If you are afraid of volatility be more afraid of falling debt returns and its impact on your long-term goals.
Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.
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Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.
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