The price action is moving in an ascending parallel channel and gives closing at 124.94 in the last trading session. First support lies in the range of 121-120 and second support around 110-112. If it sustains the support zone then buying opportunities will establish. On the flip side, resistance lies around 129.50, sustaining above can pull the price towards more upward towards 137.70. Close below 103 establishes a bearish momentum