To put it into context first it is likely we are in the 4th wave of a multi decade sequence. This means that the flow for wave 4 is going to retrace towards 23.6% of the impulsive wave 3.
Very simply from the technical side, 9516 - 8128 are both in play with the global slowdown. Here expecting Indian Equities to remain under pressure.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.