PRICE AND TURNOVER
Close: 2,620.76
Change: 66.01(2.58%)
Value: 2,894,839,000
MARKET BREADTH
Net Advancing Issues: 32
Net Up Volume: -293,210,430
Net Foreign Buying: -125,712,072
TRENDS
* MAJOR UPTREND | Broken trendline | Corrective wave | Prior support 2034 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior resistance 2903
* SHORT TERM PROVISIONAL DOWNTREND | Corrective wave | Prior support 2510| Prior resistance 2868 | Fibo Retracement TP 2700
CHART WATCH
Today's uptick and higher trading range confirms the 2510 intraday low on Jun-12 as a recent support level that marks the start of a correction rally in the minor downtrend. A 50% retracement level of the recent downleg yields a potential upside TP at the 2700 level thereabouts after which we can expect the index to resume its trend downward.
Close: 2,620.76
Change: 66.01(2.58%)
Value: 2,894,839,000
MARKET BREADTH
Net Advancing Issues: 32
Net Up Volume: -293,210,430
Net Foreign Buying: -125,712,072
TRENDS
* MAJOR UPTREND | Broken trendline | Corrective wave | Prior support 2034 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior resistance 2903
* SHORT TERM PROVISIONAL DOWNTREND | Corrective wave | Prior support 2510| Prior resistance 2868 | Fibo Retracement TP 2700
CHART WATCH
Today's uptick and higher trading range confirms the 2510 intraday low on Jun-12 as a recent support level that marks the start of a correction rally in the minor downtrend. A 50% retracement level of the recent downleg yields a potential upside TP at the 2700 level thereabouts after which we can expect the index to resume its trend downward.
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