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On its daily scale the recent rebound from its GAP support zone is a good sign of continuationof bullishtrend.Trend strength indicators are neutral to positive & hence its ideal to refrain fromaggressiveleveragelongpositions which could be deployed once both the indicators turn positive & in sync with ongoingbullishtrend.Option clusters for the truncated week stand at 18000-17500 itself with no major shift. A breakout above18000remains the immediate requisite for redeployment of leverage longs. Until then it’s ideal torefrainfromaggressive positions until the index rests within 17400-18000 band. Since the price action duringthetruncatedweek could be oscillating in nature its ideal to maintain a long short strategy until the scenario turns fromneutral-negative to neutral-positive both on the indicators as well as price.

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