Global outlook is bearish, Almost all index has ended up or trading in red.
Domestically things are tight due to surge in inflation , chip and coal shortage and all but upcoming festival could recover the economy significantly, so market may swing any way.
Technical :
After giving breakout of Ascending triangle, it does show the move of 200+ point but later retreated and back to to test the breakout level. So if sustain above 38100 level then it make new high to level 39940/ 39800 in coming days.
strong support lies at 37900, if this get breached we could see very bearish move afterwards and it may lead it to 37366 and then 37020.