This is for education purpose only and may not be useful for trading
Daily charts: 2 day remains in buy mode despite the strong gap down. SL 2754.
Chances of whipsaw are high due to sideways nature of market.
Markets are now rangebound between 2700 and 2850 for 7 days. A breakout is expected.
Weekly charts: despite last weeks' bullish hammer, markets unable to sustain at the highs. Markets are still trading in last week's range and price behaviour is as yet, not supportive of a strong up move.
Intraweek, sustaining above 2800 is critical.
20 day swing : in sell mode (SL 3150). The earlier BUY signal has failed.
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