Price started on gap up note and remained volatile throughout the trading
session before ending almost 100 points higher. On the higher end price
found resistance at 7900 whereas on the lower end 7850 acted as support for
the falling price. The bullish crossover in the daily RSI and Stochastic is
expected to add to the positive sentiment; however, price may find
resistance at middle Bollinger band which is pegged around 7950. Sustained
trades above 7950 may trigger for an upward movement towards 8025. On
the lower end price may find support at 7820/7780/7730.
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