34034 support held, and market went into rotation between 34220 - 34800. Looks like market may be building a bullish cause so that it can return into the upward channel.
Play scenarios: 1) Rotational play between 34220 - 34800 2) Breakout long play if confluence of 34800 + return into channel is supported. 3) Test of 3343 play - breakdown and resisted at 34220 bottom of rotation and market may test 33433
Price reaction levels Short on Test and Reject | Long on Test and Accept
Weekly: Low vol up bar closing off high = No demand weakness Daily: Low vol up bar closing off high, narrower spread bar on same effort = weakness H4: Ultra high vol upthrust bar closing below rotational resistance 22800, followed by up bar = some strength.
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