Index at strong resistance
The 21550 is indeed a strong resistance. Hence this correction can become a bit bigger than what we are anticipating. BNF too could not sustain above the crucial zone of 48050. Hence traders should utilize any bounce back early on to exit longs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.