Weekly Chart
Weekly candle was a bullish engulfing candle indicating bulls in control at end of the week.
Daily Chart
Trade above 16816 and close of gap between 16816-17028 necessary to negate bearishness.
Hourly Chart
Half hourly charts show a bullish Inverted Head and Shoulder pattern with neckline at 16814.Breakout will give a target of 17955.
Gap at 16814-17028 will act as resistance.
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Happy Trading !!
Lakshmi Ramachandran
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