Today markets closed 1% in the red ... this is the first negative closing after 4 UP days. Advance decline was positive which is a good sign.
Broader trend is up above 6080 spot... this is the recent swing low which also happens to be very close to previous swing low at 6000.
Option writing support exists at 6000. This means option writers do not expect 6000 to break this series. It does NOT mean that 6000 will come.
Intraday charts show signs of buying at lower levels
Broader trend is up above 6080 spot... this is the recent swing low which also happens to be very close to previous swing low at 6000.
Option writing support exists at 6000. This means option writers do not expect 6000 to break this series. It does NOT mean that 6000 will come.
Intraday charts show signs of buying at lower levels
Breakouts today
Source: based on study of publicly available information (websites, media, tv etc) and charts
