Profit booking likely as FII’s long to short ratio in index futures touched around 89%: Mehul Kothari

Considering the breakout on May 28 from this broad range we could expect 1000 points upside from the 15,400 mark. In such a scenario 16400 could be the target for a few months. The support for the index is placed at the 15,000 mark.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/profit-booking-likely-as-fii’s-long-to-short-ratioindex-futures-touched-around-89-mehul-kothari_15134701.html