- Our outlook is bearish.
- Levels close to the 78.6% pullback level of 1838 found sellers.
- A firmer opening is expected to challenge bearish resolve.
- The bias is still for lower levels and we look for any gains to be limited.
- Preferred trade is to sell into rallies.
Signal Type: Intraday
Recommendation: Sell limit @ 1834 TP 1818 and TP 1800