Daily Chart
Today's candle filled the second gap between 6182-6199 and took support at the 38.2% retracement level of rise from 5937.The candle was wide ranged and with high volumes, shows bears in control. The next gap is between 6138-6147. 6138 is the 50% retracement level of rise from 5937. Look for support at this level failing which the last gap support between 6032-6084 should come into the picture. The 6090 is the 61.8% retracement level.6103 is the 23.6% retracement level of rise from 5349.
Half Hourly Chart
Half Hourly charts show the decending triangle breakout giving a target of 6143.
Supports at 6148-6132 -----6103- 6084-6032. Resistance is at 6218-6242-6261.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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