The market opened lower as compared to previous highest levels and collapsed quickly to 4610 levels below 4660 level.
However, in the second half the market has managed to move back and surpassed the level of the day 4660 with huge
volumes and that has pulled the market towards the highest levels 4770.
It seems that the market has completed upward pull back or may complete around 4790/16150 levels. In case the market
fails to trade above the same and sustains below 4710 in the second half of the trading session then the market could
fall all the way to 4610 levels again and may even retest previous lows 4550/15330. In case the market sustains above the
same 4790/16160 in the second half of the trading session then the next target for the market should be in the range of
4870/16400. Trade cautiously at each levels and protect each trade with strict stop loss.
