Good Morning Friends,
I must say that this fall came with lots of warning. What's next for today?
Do not misconclude from heading that I am betting on recovery. It is a possibility and I would like to see reaction at 15600. What I mean to say is that 15600 is decisive support and some relief may emerge. (or may not).
If it breaks 15600 then we can expect fall towards 15460. Final medium term support is at 15300 levels. Somehow momentum is shifting. Everytime some sector, some stock come to save but overall buying remains dull at top.
I will opt buying with lots of terms and condition. Means only if reaction and pattern will appeal to bulls. In the absence of such indication, it is safer to stay away.
On higher side, resistance will be at 15800.
Happy Trading
Praveen Kumar
