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Bulls can take a pause before further rally.

 Recent swing low 17180 to today's high 17827, it appears to be completed impulsive wave, hence, before resuming rally, Bulls likely to take a pause for couple of days.

A-B-C correction pattern can begin any time from current levels,

Buy on Dip mode.

Major trend Bullish, Short term trend Bearish.

Move below 17750 would trigger selling pressure.

Lower time frame charts already formed Negative Divergence in Technical Indicators.

Be alert on holding long positions.

On lower side, 17550-17450 acts as support zone.

Regards,

Suryadev Bandari

Research Analyst


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