Summary
– In week gone by Index was up by 0.5%. Index has formed Doji candle on weekly chart.
– Index entered in resistance band of 18100 to 18200 followed by mild selling pressure but bulls are protecting the support levels.
– Sustainability above 17800 favors bulls and breakout above 18200 level will add further strength of index.
– Move below 17800 level will strength the bears up to 17400 level.
– From sector perspective CPSE, IT and Auto continued to do well but selling pressure observed in bank, realty stocks.
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