Coming to the subject of TA, it is always case of evidence as well as the weight of evidence.
The HDFC bank MSCI is the analogy that we will see in the coming day.
The picture was pencilled in a few days and the market moved in perfect shape.
Did we end the smaller degree wave 3 and are we in far higher towards the 52600-800 or a new ATH.
The fading is the approach, and one word from MSCI, which was the case last time too, the market can take U turn.
Lots of events and data, this one is in a rotating range than anything else.
Support 51900-51700
Supply 52400-52600-52800-53100