Market should not go lower than 210.8500 - 209.9567. After this move down it should go up to 212.2800 - 212.8167 area.

Technical Forecast

  • Elliott Wave

    flat correction down 209.4735

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point209.96
  • Entry Point211.74
  • Trendline 1212.32
  • Trendline 2212.32
  • Elliott213.53
  • Closing211.03
  • Ex-Low210.67
  • Ex-High213.53
  • Projection208.78

Supports and Resistance levels

  • Support 1209.96
  • Support 2208.88
  • Resistance 1212.82
  • Resistance 2214.60
  • Pivot211.74

It should try higher up to 211.4450 - 212.3334. Entry point 210.5567 or 209.8450. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 212.0075

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point211.75
  • Entry Point210.62
  • Trendline 1208.75
  • Trendline 2210.73
  • Elliott205.91
  • Closing210.91
  • Ex-Low208.78
  • Ex-High211.98
  • Projection214.04

Supports and Resistance levels

  • Support 1209.13
  • Support 2207.36
  • Resistance 1212.33
  • Resistance 2213.76
  • Pivot210.56

One more dip to 208.0900 - 203.0933 is likely followed by a grind higher to 217.3000 - 221.5133. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point209.01
  • Entry Point212.34
  • Trendline 1219.38
  • Trendline 2215.80
  • Elliott241.40
  • Closing211.52
  • Ex-Low204.66
  • Ex-High223.08
  • Projection205.71

Supports and Resistance levels

  • Support 1203.09
  • Support 2194.67
  • Resistance 1221.51
  • Resistance 2231.51
  • Pivot213.09