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Finally on the last day of the November series the index registered a relief rally which unlocked post the occurrence of an‘InsideBar’formation. The index did engulf almost 6 trading sessions price action within it but failed to sustain around the broadeningformationsresistance area around 18460.Both Its trend strength indicators are still in its cooling off mode as the pattern bounds remainexpandingon either side On a broader scale the ongoing price action is likely to continue its oscillating mode within the ongoing ‘BroadeningPattern’ formation with its lower bound now placed around the 17980 zone while upside to remain capped at 18560-18640for thecoming week.Supply zone remains constant near the upper end of the pattern which is now placed around the 18560-18640zoneevenfor today which will continue to remain a headwind for the rest of the month.Since we are yet to witness any major distortionordiverging signals within the ongoing trend its ideal to remain cautious while the index is expected to continue its oscillationwithintheongoing expanding formation or ‘Broadening pattern’. Where booking profits at regular intervals around the resistance zonecouldbehealthy while fresh longs to be considered only on a decline within the same.While 17980 could be considered as a yardsticklevel togauge any sudden breakdowns or reversal trends if they unfold during this month

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