Trained a short -term reversal scheme on daily cards, supported by the 0.97% gain last week and a small candle increased on the weekly time.
Analysts expect immediate support between 80,800 and 80,200, while the resistance is around 81,500-81,700.
A sustained movement above the 20-day SMA almost 81,400 could lift the index around 81,900. However, a drop of less than 80,200 can weaken the feeling and trigger profits.
Mayank Jain of Phonepe Wealth suggests that traders should remain alert just below 80,700, because a violation can test the level of 80,500.
