09 May Thursday View

Break of the 50% retracement 35086 the day before was strongly denied yesterday and price retraced right back to the 50% and 61.8% channel again after breaking the triangle in the chart picture we shared yesterday.

It is expected to find support at 34125 and a fall through could take it to the next support level of 34725. For resistance, the first one is at 35760 level and the next at 36000.

Combine these levels with the sentiment seen in the shared image. Trade Happy, Trade Safe.