Good Morning Friends,
I must say that I was expecting yesterday's fall. Best point is that it came from exactly the desired resistance of 15800 levels. Take a note that if market participant's volume is low then any moves used to be quick and over reacting just like yesterday. It does not mean that market is under panic. Due to new margin rule market gave us quick moves. Today is weekly expiry and such moves may hit the market again.
One can observe few point on above daily chart. I consider yesterday's bottom as crucial support which is at 15566. If it breaks then we can expect some support at 15400 levels and finally at 15300 levels. On higher side 15800 is the resistance.
I must warn about some unprecedented volatility in the market.
