Market should not go lower than 875.9999 - 868.0332. After this move down it should go up to 888.5249 - 893.0833 area.

Technical Forecast

  • Elliott Wave

    flat correction down 869.8664

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point867.92
  • Entry Point884.03
  • Trendline 1903.46
  • Trendline 2885.40
  • Elliott914.52
  • Closing877.15
  • Ex-Low874.85
  • Ex-High899.90
  • Projection866.35

Supports and Resistance levels

  • Support 1868.03
  • Support 2858.92
  • Resistance 1893.08
  • Resistance 2909.02
  • Pivot883.97

Uptrend is still intact in a triangle configuration. It should continue to rally to 918.6373 or 911.1168 if support around 883.2834 hold. After which a pullback to 883.2834 - 875.8000 zone is possible.

Technical Forecast

  • Elliott Wave

    support in an extended wave up 883.9292

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point915.45
  • Entry Point891.71
  • Trendline 1861.64
  • Trendline 2881.18
  • Elliott785.42
  • Closing896.15
  • Ex-Low855.45
  • Ex-High898.25
  • Projection920.46

Supports and Resistance levels

  • Support 1868.32
  • Support 2840.48
  • Resistance 1911.12
  • Resistance 2926.08
  • Pivot883.28

Uptrend is still intact in a triangle configuration. It should continue to rally to 846.2368 or 859.0601 if support around 818.0900 hold. After which a pullback to 818.0900 - 805.4100 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point857.12
  • Entry Point828.11
  • Trendline 1808.23
  • Trendline 2812.29
  • Elliott642.17
  • Closing833.70
  • Ex-Low777.12
  • Ex-High843.45
  • Projection930.21

Supports and Resistance levels

  • Support 1792.73
  • Support 2751.76
  • Resistance 1859.06
  • Resistance 2884.42
  • Pivot818.09