Buy on dips… best buying opportunity
“The watch-out level of the week is placed at 8270, stands convincingly violated, without much effort. The next support in order is at 8100-8080, which corresponds to the closing low of May 2015,” GEPL Capital said in a report.”Upside resistance overhangs are established now at 8270, 8333 (200 DMA simple), 8422 (50 simple DMA) & 8550(100 simple DMA),” he adds.