PRICE AND TURNOVER
Close: 2,466.28
Change: -55.33(-2.19%)
Value: 7,240,933,000
MARKET BREADTH
Net Advancing Issues: -73
Net Up Volume: 311,302,880
Net Foreign Buying: 4,774,440,891
TRENDS
* UNDEFINED PRIMARY TREND | Broken UP trendline | Corrective wave | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior support 2510 | Prior resistance 2903
* SHORT TERM DOWNTREND | Correctivewave | Prior support 2469 | Prior resistance 2650
CHART WATCH
The charts indubitably show the trends in diferent time frames declining and we should expect the index to continue to move in that general direction. The MACD vs price divergence appearing in the intermediate trend from Jan-May failed in early June when the MACD broke below the line drawn below the advancing troughs and subsequently realigned with the price decline.
Close: 2,466.28
Change: -55.33(-2.19%)
Value: 7,240,933,000
MARKET BREADTH
Net Advancing Issues: -73
Net Up Volume: 311,302,880
Net Foreign Buying: 4,774,440,891
TRENDS
* UNDEFINED PRIMARY TREND | Broken UP trendline | Corrective wave | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior support 2510 | Prior resistance 2903
* SHORT TERM DOWNTREND | Correctivewave | Prior support 2469 | Prior resistance 2650
CHART WATCH
The charts indubitably show the trends in diferent time frames declining and we should expect the index to continue to move in that general direction. The MACD vs price divergence appearing in the intermediate trend from Jan-May failed in early June when the MACD broke below the line drawn below the advancing troughs and subsequently realigned with the price decline.
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