PRICE AND TURNOVER
Close: 2,637.26
Change: 16.50(0.63%)
Value: 2,216,720,000
MARKET BREADTH
Net Advancing Issues: 14
Net Up Volume: 747,669,940
Net Foreign Buying: -174,459,840
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
The index continues its correction of the short term downtrend. Expect potential selling pressure at 2700 which is where the minor trendline and the 50% Fibonacci retracement converge. We note that volume expands on the price troughs and thins on the price peaks-a typical sign that the prevailing sentiment is still bearish and that the downtrend remains robust.
Close: 2,637.26
Change: 16.50(0.63%)
Value: 2,216,720,000
MARKET BREADTH
Net Advancing Issues: 14
Net Up Volume: 747,669,940
Net Foreign Buying: -174,459,840
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
The index continues its correction of the short term downtrend. Expect potential selling pressure at 2700 which is where the minor trendline and the 50% Fibonacci retracement converge. We note that volume expands on the price troughs and thins on the price peaks-a typical sign that the prevailing sentiment is still bearish and that the downtrend remains robust.
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