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Will 23900 act as good support for the higher levels ?
Hope everyone is doing well. There are lot of things happening around the market. Most importantly CAS which is an extra burden for many traders since it spoiled the day move and everyone is waiting for to capture the post 3 pm moves. Strategies are getting failed and need more data to adapt and align with present market conditions. Also from the Aug starting almost daily candles are printing reds. Everything apart, there is a strong support coming in at ~23900 levels which can attain may be this week or next week beginning. As soon as it touches the support immediate pull back is triggering every time at that level supporting trendline. I have marked with green circles where previous supports were taken and how it gapped next day immediately. But due to this CAS we don't see any deep gaps now. Instead CAS is taking place does that job. Everybody please be aware of the market and play wisely. Note: This is purely for educational purposes only. Do consult your financial advisor before taking any trades.
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