even though closed in red, it's forming HH&HL in daily chart.
15800 lies on fibo 50% level +based on price action it's good pull back lvl when we consider previous trend.
all these are favoring in upward but if we see options data
it has strong resistance at 15.9K and 16K.
and negative performance by global markets due to increase in delta variant cases the market may be range bound.. but there is very less chance to go uppp...
15800 lies on fibo 50% level +based on price action it's good pull back lvl when we consider previous trend.
all these are favoring in upward but if we see options data
it has strong resistance at 15.9K and 16K.
and negative performance by global markets due to increase in delta variant cases the market may be range bound.. but there is very less chance to go uppp...