Buy Above 5804 stop and reverse at 5769 target 5840 and 5908. At 5908 will face resistance and will continue up trend only above 5941 Below 5769 will target 5720 and 5665 where it will find support. Down trend will continue below 5631
Above 5752 will target 5794 where it may face resistance. Will continue Up trend above 5807 Below 5739 will target 5697 where it may find support. Will continue Down Trend below 5684
Plan: Continue to hold long taken at 5605. Exit the position if trades below 5724.55. Exit only at 5724.50. Re-enter Long crossing 5746.55. Book shorts at 20 points or more. This way the net result will be that we continue to hold long but have played around with the position to make some intra day points.
As planned yesterday we reversed the positional trade at 5605. The JT SAR for 24 September is plugged at 5579. Intra Day Levels for trading is given above under Lower, Middle and Upper Trading Levels