It is likely to fall towards 1236.143066 - 1230.595947 unless a corrective rally breaks the 1244.896973 resistance. Stop above 1247.670532 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1242.57
  • Entry Point1242.42
  • Trendline 11243.94
  • Trendline 21247.64
  • Elliott1265.91
  • Closing1241.69
  • Ex-Low1236.58
  • Ex-High1248.10
  • Projection1233.28

Supports and Resistance levels

  • Support 11236.14
  • Support 21230.60
  • Resistance 11247.67
  • Resistance 21253.65
  • Pivot1242.12

There is bearish potential for a fall to 1239.133057 - 1230.205933 while 1248.060303 - 1253.802246 resist. After this fall a recovery up to 1253.802246 or 1259.544312 is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1242.98
  • Entry Point1247.10
  • Trendline 11250.39
  • Trendline 21250.39
  • Elliott1309.30
  • Closing1241.69
  • Ex-Low1236.58
  • Ex-High1265.91
  • Projection1193.83

Supports and Resistance levels

  • Support 11230.21
  • Support 21218.72
  • Resistance 11259.54
  • Resistance 21277.40
  • Pivot1248.06

Market should not go lower than 1249.602539 - 1229.704712. After this move down it should go up to 1281.280762 - 1293.061035 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1240.68
  • Entry Point1263.90
  • Trendline 11293.88
  • Trendline 21292.65
  • Elliott1365.09
  • Closing1253.27
  • Ex-Low1245.94
  • Ex-High1309.30
  • Projection848.08

Supports and Resistance levels

  • Support 11229.70
  • Support 21206.14
  • Resistance 11293.06
  • Resistance 21332.86
  • Pivot1269.50