Looks bullish if goes to 1550-1500 level. Reason 61.8% retracement and horizontal support. Other reason is FundaMental . BJP has lost Karnataka and now it should spend more on ad to gain popularity to win Central and other state elections. Congress will do same due to massive victory. Kejriwal's ambition for PM is open to all. He should spend more to promote himself as the only solution to Namo. Regional parties will fight for their survival . So they should spend more on Ad to weaken BJP.
Only outlier in the index is PVR. Who knows if it gets 1 or 2 good movie ?
Disc : It's not an investment advise to buy or sell. Do you research