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Pullback towards the GAP support lacks reversal signs as index is expected to rest within a narrowrange. Trendstrength indicators are neutral to positive & hence its ideal to refrain from aggressive leveragelongpositionswhich could be deployed once both the indicators turn positive & are in sync with ongoing bullishtrend. Optionclusters for the truncated week stand at 18000-17500 itself with no major shift. A breakout above18000remainsthe immediate requisite for redeployment of leverage longs. Until then it’s ideal to refrainfromaggressivepositions until the index rests within 17400-18000 band. Since the price action during the truncatedweekcouldbe oscillating in nature its ideal to maintain a long short strategy until the scenario turns fromneutral-negativetoneutral-positive both on the indicators as well as price.

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