Preference:

Price is on a bullish momentum. Prices have a potential of dipping from our Pivot at 15746.6 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension to our 1st support at 15596.82 in line with 50% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices may climb higher towards our 1st resistance at 15941.46 in line with 127.2% Fibonacci extension and 100% Fibonacci projection.

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