Market awaiting for Moorat Trading.

Market reached resistance level and reversal halted due to Moorat Trading.

Till then sideways momentum to continue.
Distribution pattern happening at higher levels.
Traders avoid taking new long positions.

11555 first level to watch on downward and then 11480 very crucial trend deciding level.

Resistance 11700-11750 zone.

Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com
 

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