Good Morning Friends,
Today is first trading session of the week. We saw some revival on Friday from lower levels but this recovery is not as strong as past few recoveries from same levels. We can able to see multiple swings on chart in 15600 to 15900 zone.
What I expect for today is a firm opening with support at 15600. My first watch point is 15750 levels. I will not prefer to trade long on Index from higher levels for today. We already saw too many swings in this zone ad now traders may be tired of this levels. This can result breakout of the zone.
I am lot intended for breakout trade
Let us see when it comes.
Happy Trading,
Praveen Kumar
