A:- From 2539 to 4693.
B:- From 4693 to 3920.
C:- From 3920-4727(a); 4727- is on targetting 4250(b) and then the (c) towards higher levels.
(In this scenario, the bottom may come in a few days time. Will look out for any such signs)
O R
A:- From 2539 to 4693...No dispute here.
B:- (a) 4693 - 3920; (b) 3920-4727; (c) 4727- is on now targetting 4000..
C: From wherever "B" ends, to higher levels.
Daily & Hourly Low ema have provided the intra supports(4426) and the weekly ema the intra resistance.(4491)
After an initial sharp rally, range narrowed to 4425 - 4485.
Contraction in the range is on ., may continue as per global cues..4555 is the channel top & decreasing and 4360 the bottom..Sell into strength.
