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Present buying sentiment likely to be upheld in the coming session towards 32875 followed by the Bollinger upper band level of 33050. Meanwhile, fall past below 32600 may diffuse intraday buying expectation.
Prices still been hovering in a falling trend channel since last few months on a broader angle. In this confusing state, intraday weakness could build up only below 36620. Else hold the same for a recovery towards 37250, where trend channel resistance line and Bollinger upper band are placed
Brewing weakness possibly to revamp in the coming session towards the internal trend line support of 3530 followed by 3440 region. However, successive move above the internal trend line hindrance of 3650 could lift prices higher.
Broad weakness still intact and likely to extend towards the downside objective of 164 followed by 161. Even in this bearish sentiments decisive trades above 169.40 could boost prices higher.
Impending selling momentum may extend in the coming session towards the internal trend line support of 405 region followed by 403.20. On the flipside, recovery move above EMA level of 408.40 could lift prices higher.
Revisiting trades above the Bollinger upper band level of 872 could lift prices higher. Inability to challenge above 872 could grab prices lower to 855 followed by the Bollinger middle band level of 850.
Intraday buying may mobilize only above the internal trend line hurdle of 207.50 region. Failed to push above the same may call intraday selling pressure towards 204 region.
Lead prices likely to trade higher towards the upside objective of 156.20 followed by 157. Even in this buying sentiments, a fall below internal trend line support of 154 region could trigger a long liquidation move.
As long as prices remained below the sloping trend line of 144.10 region could expect further corrective move towards the downside objective of 142.50 and 141.70 there after. However, determined trades above 144.10 could lift prices higher.
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