Pharma index has recently shown bullish divergence
and moved up from sub 9000 levels to 9400 levels
this past week.
Past couple of days price has closed with
shooting star @ 50DMA & supply zone.
Going forward 9170-9230-9270 will act as support,
till these levels are not broken expect price to
retest 9400-9420
Break above 9420 will further strengthen move towards
9650-9670
In case 9150-9170 is broken profit booking upto
8975-8920 levels will be seen
and moved up from sub 9000 levels to 9400 levels
this past week.
Past couple of days price has closed with
shooting star @ 50DMA & supply zone.
Going forward 9170-9230-9270 will act as support,
till these levels are not broken expect price to
retest 9400-9420
Break above 9420 will further strengthen move towards
9650-9670
In case 9150-9170 is broken profit booking upto
8975-8920 levels will be seen