Two similar up rising channel seen on chart in both channel upper line test 4 times and the same price market give reversal ( last time 16800 is the reversal point ) right now we came and near by that price similarly in few days fed rate hike news will came and similar today job claim data came so all technical and call put ratio show market is over bought R
- SI is also showing that so that is idol time to take put of next expiry place comfortable stop loss and wait for big down side price like 16200 and 15800 on near by 5 AUG or near by next RBI policy.