20400 is the real test, options data indicate that for the few days short run before closing, it should stay below it. if it does breakout above then there should be severe short covering prompting a sharp rally up a few hundred points.
there is also heavy put options at 19800, if monday closes below this point then the downside would be close to 19400.
given the outlook of gold and crude oil haven't really changed, the medium term outlook is still down though a rebound might be in the cards given the turnover is close to 100 billion.
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