LOOK AT CHARTS.
AS EXPECTED WE GOT RESISTED IN 17300/17800 AREA AND CORRECTED .WE R NOW POISED AT CRITICAL JUNCTURE AGAIN. WE R JUST ON TRENDLINE RUNNING FROM MARCH LOWS. WE HAVE BOUNCED NO OF TIMES SO FAR. WILL WE SURVIVE THIS TIME?
ONE MORE SUPPORT IS AT TRIANGLE CONSOLIDATION UPPER TRENDLINE.
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UPDATE AT 4.13 P.M.
WE HAVE BROKEN TRENDLINE RUNNING FROM MARCH LOWS AND WE SAW SELL OFF. TODAY'S LOW AT 16721 IS ON PURPLE TRENDLINE I HAD SHOWN IN CHART AND WE HAVE TAKEN SUPPORT THERE.IT IS UPPER TRENDLINE OF TRIANGLE CONSOLIDATION.WE MAY SEE A SMALL BOUNCE FROM HERE WHICH CAN BE USED FOR SELLING.
