We shall wait to see what it does in the 540-545 if it crosses 545 & sustains above, then it extend up or hitting in the zone 540-545 & moving back again in downside & sustaining below 540 will be the first sign of bears returning back.
Related Analysis- How we moved in LIC from 600's to 470's
Abhishek H. Singh, CMT
India Regional Manager
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