Technical Analysis and Outlook
The downtrend to Inner Index Dip 3785 has been completed in the previous week and retested once again this week. The upside target to the Mean Res 3880 continuously plays with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the crosshair. The pullbacks with this upcoming major rally are to be expected.
The downtrend to Inner Index Dip 3785 has been completed in the previous week and retested once again this week. The upside target to the Mean Res 3880 continuously plays with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the crosshair. The pullbacks with this upcoming major rally are to be expected.