Price is on a bearish momentum. We see potential for a pullback from our Pivot at 15748.64 in line with 61.8%, 100% and 78.6% Fibonacci retracement towards our area of support at 15603.75 in line with 23.6% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices may climb towards our 1st resistance at 15946.05 which is an area of Fibonacci confluences.

Improve Your Trading

Did you know that SuperTrader Markets has a VIP room where you can learn to trade from a team of award-winning analysts?

Check out our exclusive Live Trading Room where you can ask questions directly to a team of CFA, CMT, CFTe accredited analysts.