Expecting a short term Long Move toward 47200 Level.
Technical Reasons Based on advance order flow & foot print analysis:
> Effort is less in up wave & Results are More
> Sellers are exhausting & Buyers are Renewing
> More pressure in down side but absorbed by Fresh Money
> Imbalance between supply & demand
More Bids Than ask (aggressive Buyers & Passive sellers
More reasons are mentioned on chart.
Do your own research before taking any decision.