on weekly chart its forming shooting star .(bearish) fii have brought 1100 cr cash i.e supportive or not so bearish . dollar is moving up again ,a concern for indian markets till now it has respected the trend line that is good . RSI indicates that it has still not in bear mode as we can see rsi is also above 60 MY VERDICT:
its time to see price action. if it remains above trend line we may see a sideways market .and it will be healthy in uptrend .
longs should be taken after 17960 crossed with good volumes . shorts are good choice if it beaks 17600
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