Counter witnessed some sort of buying pressure in the early trading  sessions. For the day we expect this buying momentum may stretch  out till 27000-27050 region for a slid listlessly towards 26820 then  against 26650. Anyhow intraday weakness is expecting only below  26600 towards 26440/26300. Conversely any trades above 27050 would give a confirmation for further upside point to 27180/27360/27550.

A strong recovery from 50200 suggests the recent price action is  merely a consolidation of a triangle pattern. Intraday we favor a neutral to positive bias as long as 51300 hold the downside. On the higher side, rise above 52900 could rejuvenate buying interest and take prices higher towards 54400/55900 levels. It would be required to break 50100 to negate the view and take prices lower.

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