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TASI came under heavy selling pressure last week after facing rejection right at the trendline resistance highlighted in our earlier analysis.
With five consecutive sessions in the red, the index is now testing its trendline support. The 10,600–10,700 zone remains the key level to watch, expected to cushion the market as it has in the past.
A decisive break below this zone, however, could trigger a sharper fall.
In such a bearish environment, fresh long positions should be avoided. Sentiment will only begin to improve once the index sustains above 11,000. Until then, caution is key.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
