Good Morning Friends,
This fall towards 15650 was expected but I was expecting some meaningful bounce but we hardly got any bounce. It was a weak closing yesterday.
Question is what to expect from today?
At one go we can sense a support at 15600 and this is the level where bulls may have some hope. Any fall below 15600 may be impulsive and rapid. I cannot say that we have too many technical justification for 15600. It is a recent support from where we got few bounce. I suggest to watch out for reaction at 15600. If strength appear then we can hope for recovery.
Happy Trading,
Praveen Kumar
