Last 4 sessions most of the trading activity happens in a tightly packed band between 11540 – 11600 zone which is an interesting reference zone. On Friday quick flip strategy enters into a shorting mode with resistance comes around 11573 levels which where the price is also closed exactly. The quick flip strategy could turn to buy mode if on Monday price opens and sustains above 11562 levels possibly it could target 11620 levels again and possibly higher.
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Price sustaining below 11555 on Monday could let the quick flip strategy to continue in a negative mode possibly towards the downward reference 11508 and 11350 levels.
On the daily timeframe indicator sentiment still holding positive for the last 5 trading session and could continue to remain positive if price holds above 11562 levels.
How to find the end of corrective wave, which indicator is help-ful