BN possible reversal is due

As I had mentioned earlier, BN has indeed fallen to 52,980 level and now is in oversold territory. We can anticipate some short covering to happen anytime now.

The crucial level to watch out is 53,118.
If we get a strong closing above it in the noon session after 13:30, we can anticipate a short covering rally.

The immediate long side target could be 53,700

Standby!