Now the width of the is suggesting a slightly more downside for the index to around (11,400-11,450). This is not good news and we can get some clarity on the possibility of these levels getting tested by the strength of the bounce back. Recently, we have seen the index bouncing back very sharp and recovering lost grounds in just few days. So we should not go outright right now, but be cautious in terms of adding long trades. Any bounce back from current prices is likely to face resistance from the lower edge of the at the psychological 12K mark.
Trade Well. Trade Wise.