THE COUNTER WAS STRUGGLING TO CROSS 1100 MARK BUT TODAY IT SHOWED A SHARP RECOVERY AND GAVE A POWERFUL CLOSE ABOVE 1140 LEVEL. LOOKING AT THE RSI'S BULLISH FAILURE SWING WE EXPECT THAT THE COUNTER MAY FILL THE GAP AROUND 1195 LEVEL IN SESSIONS AHEAD. WITH OTHER INDICATORS TOO LOOKING QUITE BULLISH TRADERS CAN INITIATE LONG POSITION IN THE COUNTER WITH THE SL 1110 TGT 1190-1195 IN A SHORT SPAN OF TIME.
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