FOR THE COMING WEEK:
Indices are likely to face resistance at the 15200‐15600‐15800/4500‐4550‐4620 levels.
Any surge in the indices may face fresh selling around the indicated resistances.
Downside supports are placed at the 15000‐14900‐14750/4470‐4420‐4350 levels.
Depending on the global cues we expect to see short covering and fresh buying around the mentioned supports and the trades could be influenced by strong moves sectorally. Any move until the above mentioned resistances shall be utilized to exit from long positions and initiate fresh short positions. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.