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Occurrence of multiple spikes post the huge sell off bar denotes a possibility of a bounce back. As the major trend remains weakthebouncebacks are expected to remain temporary & fragile. A pullback above its 5 DEMA zone of 15510 would provide another roundofopportunity for traders to deploy fresh shorts during the week. Major resistance for the week stands form at 15840 whilekeysupportfor the series stands at 15060. Trend strength indicator RSI seems rebounding from its oversold reading near 30 while ADXremainsscaling higher above 35; which are diverging signs in the short term. Hence its ideal to retain shorts until 15840 resistanceholds&review them once the index scales lower towards 15060. For the day 15500 remains a resistance zone while slippages below15240 from hereon could be lethal. Its ideal to remain aggressive only near the bounds of the range of 15500-15250 & re-gauge strengthfor thenextimpending move.

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