Main Takeaway: Template of rallies getting sold into continues; 15600-15700 remains key support area for . While quant indicators point to a bounceback opportunity, risk-reward remains in balance.
Trade Setup 17 June 2022 -
Template of rallies getting sold into continues; 15600-15700 remains key support area for . While quant indicators point to a bounceback opportunity, risk-reward remains in balance. Markets largely echoing global stock markets' optimism amidst oversold conditions.
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- Template of rallies getting sold into continues; 15600-15700 remains key support area for .
- While quant indicators point to a bounceback opportunity, risk-reward remains in balance.
- Markets largely echoing global stock markets' optimism amidst oversold conditions.
- Banking off the block but I.T., metals and midcaps have short positions intact.
- Bulls hopeful as long as remains above the sacrosanct support of 16500–16400.
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