Market should not go lower than 904.6500 - 897.9166. After this move down it should go up to 915.7000 - 920.0166 area.

Technical Forecast

  • Elliott Wave

    flat correction down 900.8763

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point904.43
  • Entry Point914.01
  • Trendline 1924.85
  • Trendline 2922.33
  • Elliott927.37
  • Closing906.55
  • Ex-Low902.75
  • Ex-High924.85
  • Projection900.88

Supports and Resistance levels

  • Support 1897.92
  • Support 2889.28
  • Resistance 1920.02
  • Resistance 2933.48
  • Pivot911.38

It may attempt a test higher to 920.9600 - 933.1133 after which weakness may set it to a drift down to below 896.5633 limit.

Technical Forecast

  • Elliott Wave

    flat correction up 933.2139

Key Points

  • Key Point938.97
  • Entry Point911.73
  • Trendline 1921.05
  • Trendline 2905.05
  • Elliott884.50
  • Closing920.87
  • Ex-Low884.50
  • Ex-High921.05
  • Projection937.05

Supports and Resistance levels

  • Support 1896.56
  • Support 2872.26
  • Resistance 1933.11
  • Resistance 2945.36
  • Pivot908.81

Uptrend is still intact in a triangle configuration. It should continue to rally to 1002.1702 or 964.2968 if support around 899.0234 hold. After which a pullback to 899.0234 - 880.0250 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point967.22
  • Entry Point904.61
  • Trendline 1838.09
  • Trendline 2890.38
  • Elliott642.17
  • Closing926.30
  • Ex-Low833.75
  • Ex-High937.02
  • Projection930.21

Supports and Resistance levels

  • Support 1861.03
  • Support 2795.75
  • Resistance 1964.30
  • Resistance 21002.29
  • Pivot899.02