Support Levels:
- 22,200 – 22,300 – Immediate and crucial support zone. Breaking below this may trigger further downside.
- 22,000 (100-week EMA) – Strong support, reinforced by the 100-week EMA.
- 21,900 – Rising demand line support. A breakdown below this level could signal a deeper correction.
Resistance Levels:
- 22,700 – Near-term resistance. If breached, the index may attempt higher levels.
- 23,000 – Psychological resistance and key level for further bullish momentum.
- 23,300 – 23,400 – Major resistance zone. If crossed, it could indicate the start of a strong uptrend.
Would you like me to suggest intraday trading levels and strategies for Monday based on these support and resistance levels? Also, should I prepare a detailed post for your blog? 😊
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