Good Morning Friends,
What we saw yesterday was another bounce which came as as a reaction from near to support of 15600 levels. Have a look on above hourly chart which shows that market may face resistance in the zone of 15850 to 15900 levels. This is another swings in current trading range of 15600 to 15900.
It is very hard to say when will this range breaks but it should happen very sooner now. This is going to be very interesting. I advise caution from long trades and it can truncate at higher levels again. I am expecting a down day today.
Happy Trading,
Praveen Kumar
