Hello,
In terms of the volatile markets, let's have two scenarios for Monday.
1. Market follows the US Market and it is moving down. There is no possibility to stop the damage and hence market would take support at 16700 and rebound.
2. Market is not at all impacted by the decline in US markets. It moves upwards. We join in the trade at 17100 only to take profits at around 17250.
In terms of the volatile markets, let's have two scenarios for Monday.
1. Market follows the US Market and it is moving down. There is no possibility to stop the damage and hence market would take support at 16700 and rebound.
2. Market is not at all impacted by the decline in US markets. It moves upwards. We join in the trade at 17100 only to take profits at around 17250.