Good Morning friends,
After a continuous flat to weak trade last week, Nifty has finally saved important support of 15600. Above is hourly chart which is justifying this pullback. This pullback should at least continue to hit 15800 to 15850 levels.
I must add that we should still be cautious at higher levels near by 15900 levels. Expect the respect of 15600 as of now. I have a disclosure that I have added long in the last session on index future. Still, I have conviction for more rise. I will not be greedy to trade long near 15900. That's crucial levels.
Happy Trading,
Praveen Kumar
