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Occurrence of a ‘Bullish Harami’ at the confluence support zone of its prior impulse & its 200 DEMA zone of 16852isastrong evidence of support strength. But weakening trend indicators cannot be ignored as index still trades belowits5&20DEMA. The multi resistance zone at 17440-17620 would be mammoth task for the index during its final leg for theseriesassector rotation remains rapid. Results calendar moves would keep the volatility high alongwith global market triggershenceembracing volatility would be the key to participate stock specific moves without hesitation as the index is expectedtocontinue its oscillation within the broad range of 17600-16800 in the final legs of the series. Hence its ideal torefrainfrombuilding longs incase 16840 is breached on a consecutive note during the week while aggressive buildup couldbewarrantedon a close above 17440 itself.

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