Markets after hitting a bottom of 15745 have risen to 17000 levels where they face multiple resistances.
First is the double top at 17200. Then are the gaps at 17358-664 and 18005-37. It has filled one gap of 16833-17000.
Markets will require tremendous strength to overcome these resistances, possibly gap ups, which looks difficult in the current environment.
On the downside levels of 16400-600 should prove crucial.
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