This is for education purpose only and may not be useful for trading
Good closing above 2800.... On hourly charts, markets are exactly at upper end of channel trendlines.
So watch for possible turning/ reversal here.
So chances are high that markets will correct to 2500-2550. Most probably,this shd be last leg of the correction.
Note that there is no signal to short. An indication will be break of 2880 fut (2860 spot)....this can also be considered as SL for long positions.
On 5 minute charts, there is a "roughish" rising wedge (bearish implications).
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