There are a lot of events today : IIP data, Dr.Reddy's results, RBI bond sale and what not.. so expect another volatile day, and the dollar index is shooting up like there's no tomorrow.
There are a lot of events today : IIP data, Dr.Reddy's results, RBI bond sale and what not.. so expect another volatile day, and the dollar index is shooting up like there's no tomorrow.
Retracement levels are being tested and if a recovery comes from 16257 or from projection levels of 16167 or 15711 may show reversal to move higher near 18523. Expectation can be kept that retracement and projection levels mentioned will be tested before making an attempt to move higher.