Daily Line Chart
Half Hourly Chart
Daily Oscillators have turned up from oversold zone indicating some more upside.Half hourly charts show a higher low and a higher high. Till this trend is reversed and so long as 4560 holds we have a sideways market with an upward bias.
Resistances and Supports marked on charts.
Stop loss for shorts 4925 Stop loss for longs 4560. In short, between these two levels it is whipsaw time.
Volatility is high so trade safe and with stop losses in place.I would remain neutral till further evidence of direction is available.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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