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Index clamped itself at the upper end of the ongoing ‘Channel’ range placed at 16135. The ongoing 4days rallyseemstobeholding steady & closing into the GAP/ window zone of 13 th June’22 around 16172. Its RSI has surpassed theswingvalueof03 rd June’22 when the index declined from its respective level around its 200 DEMA then. With a positive crossoverofits5& 20 DEMA above the 15865 mark warrants the momentum to sustain & extend further for a push towards its 200DEMAzone placed around 16500 with an immediate swing towards 16300 mark. With the trend rising further its ideal to retain the buy on declines strategy until 15865 holds from hereon. With the result season commencing , stock or rotation is expected to remain robust triggering a cautious zone beyond 16135. Only a breakdown below 15865 from here o would indicate a weak trend & hence serves as an ideal stop for ongoing directional momentum.

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