The Index after witnessing Gap Down Opening from 9877 levels consolidated in a range of 9100 to 9500. It broke the support around of 9100 during recent past and kissed 8940 level which is 200 DMA of the Index. It formed a Doji Candlestick and showed sharp recovery from the said mark. Today the Index witnessed a gap up opening and managed to closed above its minor hurdle of 9300. Looking at the other Technical Indicators we expect that the Index may show strength in sessions ahead. As long as 9130 is not broken on closing basis we remain Bullish on the Index and expect the Index to kiss 9550-9750 mark in a short term.
We are having Bulls Eye on Wipro
