Market Participants seems to be divided and finding clue wheather its bull market or bear market rally. Looking @longer time frame charts of sensex retraced from bull phase{21206-7096} by .618 Fib ratio. Current so called bear market rally stalled again @{16002} .618 Fib ratio of {7096-21206}. Indices need to cross the intermediate top around 16000 decisvely to attempt and reach the peak 21200,untill then it needs to consolidate and gather momentum for another dash @ 16000+.
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