Preference:

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.

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