today (16th August), market opened again at around 19890 level.
After the opening dip, Buyers managed to defend 19360 level and ultimately managed to push the market above 400 and then breaking last days High.
Few key points:
1. opened at same level at last trading session.
2. Made a Higher low.
3. Made HIgher High.
4. Higher Close.
which indicates relatively...
19300 level proved to be a strong support. After first 15 mins of selling in the market, we saw buying in the market.
whole day we saw Bulls stepping in at every level (350/400).
Although it is forming a strong Daily candle, we can't be so sure that it will resume Bullish on upcoming days.
This move back to 19420 might just be a pullback and retest of this...
