- Major support – 19800 (Trend line joining 19650 and 19757)
- The index is trading in narrow range between 20000 and 19750 for the past three trading session
- Any break below 19800 will drag the pair down till 19507 (61.8% retracement of 19235 and 20000)/19235.
- On the higher side major resistance is around 20000 and any close above confirms major trend reversal, a jump till 20500/20650 is possible.
It is good to sell below 19800 with SL around 20050 for the TP of 19500/19255
The material has been provided by InstaForex Company – www.instaforex.com