As favorable as the Sino-U.S. tariff war is getting progress, the global and other Asian markets are getting more convinced for further optimism in indices. The Indian benchmark opened on a positive note at 11,661.65 levels but started moving south led by heated standard deviation as market participants started getting cautious on the outcomes of elections. Moreover, the index got more weak as the Congress men get more grip over the ongoing elections in Haryana. On hourly scale, the index has witnessed a sharp fall after forming a ‘Double Top’ pattern that signals for a reversal after an upside. Bollinger Bands have shown lower strength while the re-test of previous highs. Bollinger %B didn’t breach one level.