The major supports are at 24450 and 24000, but we will begin the week expecting downsides to not extend beyond the 24750-650 region. A swing higher is expected this week, but oscillator divergences seen in intraday periodicities that have signalled the same, are yet to be visible in larger time frames. This gives room for downside momentum to prevail over for some more time. However, direct rise above 24922 could initiate short covering. In such a scenario, 25324 may be played for, even though 25000 region may resist initially.Read more.
