The Index looks weaker for me. Logically guys accumulated from 7500-9000 (nifty) were at huge profits. The new entrants will be traped and gives way for those guys in profit to exit with profits. It would be wise for new retail entrants/investors to stay away or to trade with very very limited qty. Believe, market always gives opportunity for every one. Patience matters 😃.
However, pls do your own research and analysis. The above comments are for educational purpose only.