Market should not go lower than 143.336700 - 143.041656. After this move down it should go up to 143.827179 - 144.022598 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point143.13
  • Entry Point143.68
  • Trendline 1143.73
  • Trendline 2143.73
  • Elliott144.22
  • Closing143.43
  • Ex-Low143.24
  • Ex-High144.22
  • Projection142.85

Supports and Resistance levels

  • Support 1143.04
  • Support 2142.65
  • Resistance 1144.02
  • Resistance 2144.61
  • Pivot143.63

It should trade lower to 143.143372 - 142.352112. Resistances are at 144.474792 and 145.014984. A break of 146.597488 is bullish, confirmed by a close above 141.926117.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point142.68
  • Entry Point143.87
  • Trendline 1144.73
  • Trendline 2144.52
  • Elliott149.49
  • Closing143.43
  • Ex-Low142.85
  • Ex-High145.52
  • Projection138.63

Supports and Resistance levels

  • Support 1142.35
  • Support 2141.27
  • Resistance 1145.01
  • Resistance 2146.60
  • Pivot143.93

It looks more likely that it would rise to 148.109451 - 151.535934 from 144.352753 or 142.639511. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point142.61
  • Entry Point147.12
  • Trendline 1144.57
  • Trendline 2145.40
  • Elliott149.72
  • Closing144.68
  • Ex-Low144.02
  • Ex-High149.49
  • Projection139.90

Supports and Resistance levels

  • Support 1142.64
  • Support 2140.60
  • Resistance 1148.11
  • Resistance 2151.54
  • Pivot146.07