Price is moving within the range of 1420 to 1580 for few months. Now it is in between the range. 1516 - 1524 will decide the trend direction. Buy above 1525 with the stop loss of 1510 for the targets 1540, 1565 and 1580. Sell below 1480 with the stop loss of 1495 for the targets 1465, 1450, 1435 and 1420. Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
This market is doing nothing but a gamble. Sorry but this is the gamble pattern for the past few months as stocks have been trading with RSI of 80+ on monthly charts and valuations are off the fundamentals.