Good morning friends,
Well, need to say what is happening in this market? Charts is speaking itself. Above is daily chart. It has formed H&S pattern and we got a breakout too.
We have 100 DMA at 17130 levels which is a support. Bulls, be happy with this only.
maximum we can get a retest of n-line which is at 17600 levels and this market is likely to be prepared for 16800 sooner or later.
I gave my suspicion of trend reversal. Now, I am almost sure.
If you are playing for bounce then also be careful.
Happy Trading.
