Good Morning Friends,
In recent time market has developed a pattern of recovery in second half. Till the time it was happening, it was good. It has violated yesterday.
I updated on twitter that its not good. Well, above is daily chart and MACD is the reason. Big question is will 15901 remains a top. It is hard to answer but it looks like need to make fresh attempt to test of cross 16000 levels. MACD has top to top divergence. So, pattern is not as supportive as past.
Let us see if bulls are ready to take fresh attempt or give up before 16000.
One more caution, do not short lows. To me meaning support are now at 15560 and then at 15300 levels.
Happy Trading
