Price is moving inside a descending channel and now it is consolidating. 48600 zone is important to decide the trend direction further.
Buy above 48620 with the stop loss of 48540 for the targets 48700, 48820,48900, 48980, 49100 and 49220.
Sell below 48440 with the stop loss of 48520 for the targets 48360, 48240, 48160, 48060, 47960 and 47880.
Always do your own analysis before taking any trade.